s 319
In forceMAI commission to approve or reject premiums
Chapter 6Motor accident injuries insurance
Part 6.7MAI premiums
319 MAI commission to approve or reject premiums
If a licensed insurer applies to the MAI commission for approval of a premium for an MAI policy, the MAI commission must, within 6 weeks after receiving the application from the licensed insurer—
(a)
approve or reject the premium; and
(b)
tell the licensed insurer—
(i)
about the decision; and
(ii)
the reasons for the decision.
Note For what must be included in a statement of reasons, see the Legislation Act, s 179.
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