Contributions to Nominal Insurer's Fund
17B Contributions to Nominal Insurer's Fund
(1) The
Nominal Insurer may recommend a total amount to be contributed to the
Nominal Insurer's Fund under section 164A of the Act by approved insurers and self-insurers during the financial year.
(2) In determining the total amount mentioned in subregulation (1), the
Nominal Insurer is to have regard to the amount standing to the credit of the Fund at the beginning of that year including:
(a) amounts set aside in earlier years as provision to meet expenditure in later years; and
(b) the amount estimated to be received into the Fund during the year other than from approved insurers and self-insurers under section 164A of the Act.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.