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Motor Accident Injuries Act 2019
323Licensed insurer to report on profit margins
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323 Licensed insurer to report on profit margins (1) A licensed insurer must tell the MAI commission— (a) the profit margin on which each MAI premium charged by the licensed insurer is based; and (b) the actuarial basis for working out the profit margin. (2) The MAI commission must assess— (a) the profit margin; and (b) the actuarial basis on which the profit margin is worked out.