Home Building Regulation 2014

The Insurance Guidelines may provide for the determination of charges for alternative indemnity product cover for a loss that is required to be covered by or under this Part.

Insurance Guidelines may (without limiting the generality of subclause (1))—

specify the manner in which charges are to be determined and the factors to be taken into account in determining charges, and

require licensed providers to specify how they have determined charges, and

specify the nature of the additional information and reports that the Authority may require the licensed providers to furnish with the charges they file or to justify charges they have filed (including with respect to estimated investment earnings, the verification of assumptions, estimated profit, capital allocation to alternative indemnity product cover business under the Act and other relevant matters), and

specify the maximum fee payable to the agents of the licensed provider and the maximum administration expenses relating to acquisition or to alternative indemnity cover that licensed providers may include in the determination of charges (including a specified maximum amount or a specified maximum percentage of total charges).