168Workers Compensation Market Practice and Premiums Guidelines

#### 168 Workers Compensation Market Practice and Premiums Guidelines 168 Workers Compensation Market Practice and Premiums Guidelines > > (1) The Authority may issue guidelines with respect to policies of insurance (the Workers Compensation Market Practice and Premiums Guidelines). > > > (2) The Workers Compensation Market Practice and Premiums Guidelines may (without limiting the generality of subsection (1))— > > > > > (a) require insurers to file with the Authority premiums for classes of employers in such manner, and at such times, as may be specified in the Guidelines, and > > > > > (b) require licensed insurers to specify how they have determined premiums, and > > > > > (c) require licensed insurers to provide additional information with the premiums they file or to justify the premiums they have filed. > > > (3) The Authority may amend, revoke or replace the Workers Compensation Market Practice and Premiums Guidelines. > > > (4) The Authority is— > > > > > (a) to consult licensed insurers before it issues, amends or replaces the Workers Compensation Market Practice and Premiums Guidelines, and > > > > > (b) to provide reasonable notice of any amendment to the Guidelines before the amendment takes effect. > > > (5) The Workers Compensation Market Practice and Premiums Guidelines may— > > > > > (a) adopt the provisions of other publications, whether with or without modification or addition and whether in force at a particular time or from time to time, and > > > > > (b) apply generally or be limited in their application by reference to specified exceptions or factors or apply differently according to different factors of a specified kind (or do a combination of those things). > > > (6) It is a condition of the licence of an insurer (including the Nominal Insurer) that the insurer— > > > > > (a) complies with the Workers Compensation Market Practice and Premiums Guidelines, and > > > > > (b) does not charge an insurance premium that is rejected under section 169. > > **s 168:** Am 1989 No 121, Sch 1; 1989 No 133, Schs 7 (2), 8 (10); 1990 No 46, Sch 1; 1994 No 10, Sch 4 (6); 2003 No 97, Sch 1 \[4\]. Subst 2015 No 19, Sch 5 \[26\].