Section 18
Refund of premium contributions, etc., paid in excess
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
ActIn forceProvision 18 of 107
Section 18
(1)
Where it appears to the Authority that a DI Scheme member has paid any premium contribution or additional premium contribution in excess of the amount payable under this Act, the Authority must notify the Agency accordingly.
(2)
Upon receipt of the notification referred to in subsection (1), the Agency must refund to the DI Scheme member the amount of premium contribution or additional premium contribution paid in excess.