Document ID: chunk:federal_register_of_legislation:C2024C00063:section:58:p2
Version: federal_register_of_legislation:C2024C00063
Segment Type: section
Provision Reference: s 58 (pt 2/2)
Character Range: 108695–109272

(including the same subject‑matter and risk), would have been payable by the insured in respect of the renewal.
 (6) If the claim is not for total loss of the property insured, the premium is an amount worked out in accordance with the formula:

where:
period until claim means the number of days in the period that began on the day on which the contract came into force and ended on the day on which the claim was made.
hypothetical premium has the meaning given in subsection (5).
period of original contract means the number of days in the period of the original contract.