Payment of contributions
107 Payment of contributions
S. 107(1) amended by Nos 10191 s. 269(4), 50/1994 s. 121.
Within fourteen days after the end of every month an insurer shall send to the Authority a statement in the prescribed form setting out the amounts representing the statutory premium element of all amounts received by the insurer by way of premium in respect of employers' policies during that month and such other particulars (if any) as are prescribed.
The statement shall be verified by a statutory declaration made by the appropriate officer of the insurer.
S. 107(3) amended by Nos 10191 s. 269(4), 50/1994 s. 121.
The insurer shall at the same time pay to the Authority the amount of any contributions payable in respect of moneys received during that month.
S. 108 inserted by No. 9297 s. 10(1), substituted by No. 10191 s. 269(5), amended by No. 50/1994 s. 121.
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