254
In forceRecovery of duty by registered insurer
Chapter 8Insurance
Part 3How is duty paid by an insurer?
254 Recovery of duty by registered insurer
(1)
A registered insurer may require a person by whom a premium is payable to the insurer to pay the insurer an amount equal to the duty chargeable.
(2)
The requirement is duly made if it is contained in a written request that is given to the person and that specifies the amount of the duty.
(3)
If the amount is not paid, the insurer may recover it as a debt.
This Act’s bill:Explanatory memorandumSecond reading speech
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