sec.21Actual annual levy—not agreed but decided

sec.21 Actual annual levy—not agreed but decided

This section applies if— the Regulator gave a self-insurer a written notice under section 19 (2) (b) stating the amount of the provisional annual levy based on the amount of the self-insurer’s estimated claims liability as calculated by the appointed actuary under section 62 ; and the Regulator and the self-insurer have not agreed under section 67 on the amount of the self-insurer’s estimated claims liability; and the arbiter has decided the amount of the self-insurer’s estimated claims liability under section 102 and the amount (the decided adjusted amount ) is not the same as the amount of the self-insurer’s estimated claims liability used to calculate the provisional annual levy. The Regulator must give the self-insurer written notice of the amount of the annual levy (the actual annual levy ) under section 81 (7) of the Act based on the decided adjusted amount within 14 days after the Regulator receives notice of the amount under section 102 (4) . If the actual annual levy is more than the provisional annual levy, the self-insurer must pay the Regulator the difference between the actual annual levy and the amount paid as the provisional annual levy. If the actual annual levy is less than the provisional annual levy, the Regulator must pay the self-insurer the difference between the actual annual levy and the amount paid as the provisional annual levy. (sec.21-ssec.1) This section applies if— the Regulator gave a self-insurer a written notice under section 19 (2) (b) stating the amount of the provisional annual levy based on the amount of the self-insurer’s estimated claims liability as calculated by the appointed actuary under section 62 ; and the Regulator and the self-insurer have not agreed under section 67 on the amount of the self-insurer’s estimated claims liability; and the arbiter has decided the amount of the self-insurer’s estimated claims liability under section 102 and the amount (the decided adjusted amount ) is not the same as the amount of the self-insurer’s estimated claims liability used to calculate the provisional annual levy. (sec.21-ssec.2) The Regulator must give the self-insurer written notice of the amount of the annual levy (the actual annual levy ) under section 81 (7) of the Act based on the decided adjusted amount within 14 days after the Regulator receives notice of the amount under section 102 (4) . (sec.21-ssec.3) If the actual annual levy is more than the provisional annual levy, the self-insurer must pay the Regulator the difference between the actual annual levy and the amount paid as the provisional annual levy. (sec.21-ssec.4) If the actual annual levy is less than the provisional annual levy, the Regulator must pay the self-insurer the difference between the actual annual levy and the amount paid as the provisional annual levy.

• (a) the Regulator gave a self-insurer a written notice under section 19 (2) (b) stating the amount of the provisional annual levy based on the amount of the self-insurer’s estimated claims liability as calculated by the appointed actuary under section 62 ; and