Insurance Regulations (Amendment) (Cth)

Statutory Rules

1976 No. 288

REGULATIONS UNDER THE INSURANCE ACT 1973.*

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Insurance Act 1973.

Dated this sixteenth day of December, 1976.

John R. Kerr

Governor-General.

By His Excellency’s Command,

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Amendments oF the Insurance Regulations 

1.After regulation 12 of the Insurance Regulations the following regulation is inserted:—

Lloyd’s statement of premium income.

“ 12a. (1) For the purposes of paragraph 4 of the Schedule to the Act, a statement of the premium income in Australia of Lloyd’s underwriters received by or due to Lloyd’s underwriters during a year shall be in accordance with Form 17.

“ (2) A statement furnished to the Commissioner in pursuance of paragraph 4 of the Schedule to the Act shall be signed by—

(a) 2 members of the Committee of Lloyd’s constituted under the Imperial Act known as Lloyd’s Act 1871; or

(b) by the person appointed by Lloyd’s, as, or to act as, its agent in accordance with paragraph 6 of the Schedule to the Insurance Act 1973.”.

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* Notified in the Australian Government Gazette on 20 December 1976.

  Statutory Rules 1974, No. 141, as amended by Statutory Rules 1976, Nos. 90, 126 and 139.

         

15695/76—Recommended retail price 10c. 10/29.9.1976.

2.The Schedule to the Insurance Regulations is amended by adding at the end thereof the following form:—

Form 17

Commonwealth of Australia

Insurance Act 1973

STATEMENT OF PREMIUM INCOME IN AUSTRALIA OF LLOYD’S UNDERWRITERS RECEIVED BY OR DUE TO LLOYD’S UNDERWRITERS DURING THE YEAR ENDING ON 31 DECEMBER 19....

Class of Business	Premium income in Australia received or due
A. Marine hull and liability............................................................................................
B. Aviation hull and liability..........................................................................................
C. Transport..................................................................................................................
D. Motor.......................................................................................................................
E. Pecuniary loss...........................................................................................................
F. Personal accident......................................................................................................
G. Property...................................................................................................................
H. Liability...................................................................................................................
Total.............................................................................................................

Signature of ............................

Committee members  /  /19 .

or signature of Lloyd’s Agent.

                  

Printed by Authority by the Government Printer of Australia