ACTIn ForceAct
Motor Accident Injuries Act 2019
319MAI commission to approve or reject premiums
Start here
Get a plain-English read of 319
Turn the raw legal text into a practical explanation grounded in Motor Accident Injuries Act 2019.
319 MAI commission to approve or reject premiums If a licensed insurer applies to the MAI commission for approval of a premium for an MAI policy, the MAI commission must, within 6 weeks after receiving the application from the licensed insurer— (a) approve or reject the premium; and (b) tell the licensed insurer— (i) about the decision; and (ii) the reasons for the decision. Note For what must be included in a statement of reasons, see the Legislation Act, s 179.