sec.70BOptional additional cover

### sec.70B Optional additional cover This section applies if— a consumer for a contract for the carrying out of residential construction work obtained optional additional cover for the work; and the residential construction work is to be varied after the consumer obtained the optional additional cover; and the commission is satisfied that the value of the residential construction work will change because of the variation. If the value of the residential construction work will increase by $5,000 or more because of the variation, the consumer must pay the additional insurance premium for the work to the commission before any work relating to the variation starts. If the value of the residential construction work will decrease because of the variation, the commission may refund part of the insurance premium paid for the work to the consumer. If the consumer fails to pay the additional insurance premium under subsection (2) , the commission may recover the amount of the premium, as a debt, from the consumer. s 70B ins 2014 No. 57 s 36 (sec.70B-ssec.1) This section applies if— a consumer for a contract for the carrying out of residential construction work obtained optional additional cover for the work; and the residential construction work is to be varied after the consumer obtained the optional additional cover; and the commission is satisfied that the value of the residential construction work will change because of the variation. (sec.70B-ssec.2) If the value of the residential construction work will increase by $5,000 or more because of the variation, the consumer must pay the additional insurance premium for the work to the commission before any work relating to the variation starts. (sec.70B-ssec.3) If the value of the residential construction work will decrease because of the variation, the commission may refund part of the insurance premium paid for the work to the consumer. (sec.70B-ssec.4) If the consumer fails to pay the additional insurance premium under subsection (2) , the commission may recover the amount of the premium, as a debt, from the consumer. - (a) a consumer for a contract for the carrying out of residential construction work obtained optional additional cover for the work; and - (b) the residential construction work is to be varied after the consumer obtained the optional additional cover; and - (c) the commission is satisfied that the value of the residential construction work will change because of the variation.