sec.97CTP premiums not to be discounted etc.

### sec.97 CTP premiums not to be discounted etc. A licensed insurer or a broker or other person acting for a licensed insurer must not— discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or offer to discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or give or offer to give a rebate on the premium on a CTP insurance policy. Maximum penalty—300 penalty units. A licensed insurer or a broker or other person acting for a licensed insurer must not pay or subsidise, or offer to pay or subsidise, any fee payable on registration, or renewal of registration, of a motor vehicle by a person who has selected, or proposes to select, the licensed insurer to be the insurer under a CTP insurance policy for the vehicle. Maximum penalty—300 penalty units. A licensed insurer, a broker or other person (whether acting for a licensed insurer or not) must not encourage another to make a payment calculated to result in a reduced insurer’s premium for an insurer. Maximum penalty—300 penalty units. A licensed insurer does not contravene this section by accepting a reduced insurer’s premium in circumstances where the reduced payment is authorised under this Act. A licensed insurer or other person acting for a licensed insurer must not give, or offer to give, to a person an inducement to enter into or renew an insurance policy, including a CTP insurance policy, with the insurer if the insurer intends to establish or treat the cost of the inducement as a cost, expense or charge under or against the insurer’s CTP insurance policies or the insurer’s CTP business generally. A licensed insurer offers a discount to policy holders who hold several policies of insurance with the insurer. The offer is available if one of the policies is a CTP insurance policy. The discount is applied to a policy that is not a CTP insurance policy, but the cost of the discount is held partly against the account for the CTP insurance policy. A licensed insurer offers to give a person a gift if the person selects the licensed insurer as the insurer under a CTP insurance policy for the person’s motor vehicle. The insurer intends to treat the cost of the gift as a cost of the insurer’s CTP business. Maximum penalty—300 penalty units. A court that convicts a licensed insurer of an offence against this section may, by order, withdraw the licence. s 97 sub 2000 No. 17 s 45 amd 2010 No. 32 s 13 (sec.97-ssec.1) A licensed insurer or a broker or other person acting for a licensed insurer must not— discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or offer to discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or give or offer to give a rebate on the premium on a CTP insurance policy. Maximum penalty—300 penalty units. (sec.97-ssec.2) A licensed insurer or a broker or other person acting for a licensed insurer must not pay or subsidise, or offer to pay or subsidise, any fee payable on registration, or renewal of registration, of a motor vehicle by a person who has selected, or proposes to select, the licensed insurer to be the insurer under a CTP insurance policy for the vehicle. Maximum penalty—300 penalty units. (sec.97-ssec.3) A licensed insurer, a broker or other person (whether acting for a licensed insurer or not) must not encourage another to make a payment calculated to result in a reduced insurer’s premium for an insurer. Maximum penalty—300 penalty units. (sec.97-ssec.4) A licensed insurer does not contravene this section by accepting a reduced insurer’s premium in circumstances where the reduced payment is authorised under this Act. (sec.97-ssec.5) A licensed insurer or other person acting for a licensed insurer must not give, or offer to give, to a person an inducement to enter into or renew an insurance policy, including a CTP insurance policy, with the insurer if the insurer intends to establish or treat the cost of the inducement as a cost, expense or charge under or against the insurer’s CTP insurance policies or the insurer’s CTP business generally. A licensed insurer offers a discount to policy holders who hold several policies of insurance with the insurer. The offer is available if one of the policies is a CTP insurance policy. The discount is applied to a policy that is not a CTP insurance policy, but the cost of the discount is held partly against the account for the CTP insurance policy. A licensed insurer offers to give a person a gift if the person selects the licensed insurer as the insurer under a CTP insurance policy for the person’s motor vehicle. The insurer intends to treat the cost of the gift as a cost of the insurer’s CTP business. Maximum penalty—300 penalty units. (sec.97-ssec.6) A court that convicts a licensed insurer of an offence against this section may, by order, withdraw the licence. - (a) discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or - (b) offer to discount, reduce, waive, or defer payment of the premium on a CTP insurance policy; or - (c) give or offer to give a rebate on the premium on a CTP insurance policy. - 1 A licensed insurer offers a discount to policy holders who hold several policies of insurance with the insurer. The offer is available if one of the policies is a CTP insurance policy. The discount is applied to a policy that is not a CTP insurance policy, but the cost of the discount is held partly against the account for the CTP insurance policy. - 2 A licensed insurer offers to give a person a gift if the person selects the licensed insurer as the insurer under a CTP insurance policy for the person’s motor vehicle. The insurer intends to treat the cost of the gift as a cost of the insurer’s CTP business.