New South Wales Consolidated Acts New South Wales Consolidated Acts(cf s 25 MACA)
(1) A licensed insurer must not charge an insurance premium for a third-party policy, except in accordance with this Division.
(2) The licensed insurer must file with the Authority a premium or set of premiums it proposes to charge.
(3) Two or more licensed insurers can jointly file a premium or set of premiums that they propose to charge.
(4) The licensed insurer may, on and from the proposed commencement date for the premium, charge a premium that has not been rejected by the Authority within the period allowed under this section for rejecting a premium. Except as provided by section 2.22, the licensed insurer must not charge any other premium on and from that proposed commencement date.
(5) The proposed commencement date for a premium is the date specified in a filed premium as the date on and from which the proposed premium will be charged. The proposed commencement date cannot be earlier than the end of the period allowed for rejecting a premium but can be changed (with notice to the Authority) to accommodate a change in the period allowed for rejecting a premium.
(6) The period allowed for rejecting a premium is (subject to subsection (7)) the period nominated by the insurer when filing the premium, being a period of not less than 6 weeks or such shorter period as the Authority may allow in a particular case.
(7) Time does not run in relation to the period allowed for rejecting the premium of a licensed insurer from the day on which the Authority requests any further information from the insurer, because the insurer has failed to comply with its obligations under this Act or the Motor Accident Guidelines in relation to the filing of the premium, until the day on which the insurer complies with that request for further information.
(8) A premium may only be rejected as provided by this section or section 2.22.