7A
In forceInterest on unpaid premiums
Schedule 6Savings, transitional and other provisions
Part 15Provisions relating to insurance
7A Interest on unpaid premiums
Section 18 (7C) of the former Act applies in respect of the calculation of the interest payable on—
(a)
the full amount of a premium, or
(b)
an instalment of a premium payable by instalments, or
(c)
the adjustment of a premium,
payable in respect of a policy of insurance issued or renewed so as to take effect before the commencement of section 172 of this Act.
This Act’s bill:Explanatory memorandum
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