Australian Capital Territory Numbered Acts

ROAD TRANSPORT (THIRD-PARTY INSURANCE) ACT 2008 (NO. 1 OF 2008) - SECT 46

    (1)     A licensed insurer must tell the CTP regulator the profit margin on which each CTP premium charged by the licensed insurer is based and the actuarial basis for working out that profit margin.

    (2)     The CTP regulator must assess—

        (a)     the profit margin; and

        (b)     the actuarial basis on which the profit margin is worked out.

    (3)     The CTP regulator must present a report about the assessments annually to the Legislative Assembly.