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An insurer receives premiums by instalments. What must be declared in the assessable amount when the contract of insurance is entered into?

April 26, 2017ASSESSABLE contract declared instalments Insurance insurer premiums

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An insurer receives premiums by instalments. What must be declared in the assessable amount when the contract of insurance is entered into?

1 Answer

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The amount of the instalment received in the particular month (if the contract of insurance is entered into on or after the commencement date of the new Part IIIF).