Insurance Premiums Order (Retro-Paid Loss Premium Method) 2015–2016
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3 Interpretation
3 Interpretation
(1) In this Order, words and expressions have the same meanings as they have in the relevant General Order, unless this Order provides otherwise.
(2) In this Order:
adjustment date, in relation to a policy of insurance, means each of the following dates:
(a) the date that is 15 months after the date of the commencement of the period of insurance (the first adjustment date),
(b) the date that is 24 months after the date of the commencement of the period of insurance (the second adjustment date),
(c) the date that is 36 months after the date of the commencement of the period of insurance (the third adjustment date),
(d) the date that is 48 months after the date of the commencement of the period of insurance (the fourth adjustment date).
cost of claims has the same meaning as in Division 4 of Part 18 of the Workers Compensation Regulation 2010.
relevant General Order means:
(a) the Insurance Premiums Order 2015–2016, or
(b) if no such order has been made, the Insurance Premiums Order 2014–2015.