NSWIn ForceAct
Motor Accidents Compensation Act 1999
28Insurers to disclose profit margins
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28 Insurers to disclose profit margins
28 Insurers to disclose profit margins
(1) A licensed insurer is required to disclose to the Authority the profit margin on which a premium is based and the actuarial basis for calculating that profit margin.
(2) The Authority is to assess that profit margin, and the actuarial basis for its calculation, and to include a report on that assessment in its annual report.
s 28: Am 2015 No 19, Sch 7 [8].