Western Australian Consolidated Acts Western Australian Consolidated Acts (1) For the purposes
of this Part, a premium, or an instalment, is paid when the first of the
following events occurs —
(a) the
premium or instalment is received by the insurer; or
(b) an
account of the insurer is credited with the amount of the premium or
instalment.
(2) A premium, or an
instalment (apart from the case where the premium or instalment is received
directly by an insurer) is taken to have been received by an insurer if it is
received by another person on the insurer’s behalf.
(3) In this section, a
reference to an insurer includes a reference to a Division 4 insurer.
[Section 92C inserted by No. 36 of 2005
s. 6.]
[Heading inserted by No. 36 of 2005 s. 6.]