Refund undertaking

In situations where the Monitor determines an insurance company has collected more Emergency Service Levy (ESL) from policyholders than the company requires to contribute to the NSW Government for funding the emergency services in the state, the insurer will be required to refund the excess ESL to policyholders, where it is practicable to do so, or pay the excess ESL to the Chief Commissioner of Revenue NSW.

A refund undertaking sets out the terms and conditions agreed with the Monitor, under which the insurer will refund over-collected ESL.  Details of refund undertakings accepted by the Monitor in relation to the transition period (2017-18 & 2018-19) are provided here: 

    

Company & ACN Undertaking acceptance date Copy of undertaking*
Alphaxo Risk Partners Pty Ltd
162 902 678
21/1/20 Alphaxo undertaking
BMS Risk Solutions Pty Ltd
161187 980
21/1/20

BMS undertaking

East West Insurance Brokers Pty Ltd
010 630 092

21/1/20 East West undertaking
Ensurance Underwriting Pty Ltd
158 973 365
21/1/20 Ensurance undertaking
Fleetsure Pty Ltd
078 661 220
21/1/20 Fleetsure undertaking
Gow-Gates Insurance Brokers
000 837 785
21/1/20 Gow-Gates undertaking
NTI Ltd
000 746 109
21/1/20 NTI undertaking
Swiss Re International SE
ARBN:138 873 211
21/1/20 Swiss Re undertaking

The Barn Underwriting Agency Pty Ltd
625 224 642

21/1/20 The Barn undertaking
Elkington Bishop Molineaux Insurance Brokers Pty Ltd
009 179 640
22/1/20 Elkington undertaking
Affinity Risk Partners (Brokers) Pty Ltd
091 944 580
29/1/20 Affinity undertaking
ASR Underwriting Agencies Pty Ltd
113 542 233
29/1/20 ASR undertaking
Assetinsure Pty Ltd
066 463 803
29/1/20 Assetinsure undertaking
Chubb Insurance Australia Ltd
001 642 020
29/1/20 Chubb undertaking
Factory Mutual Insurance Co
ARBN: 163 108 861
29/1/20 Factory undertaking
Insurance Advisernet Australia Pty Ltd
072 343 643
29/1/20 Insurance Advisernet undertaking
JUA Underwriting Agency Pty Ltd
004 566 465
29/1/20 JUA undertaking
Sompo Japan Nipponkoa Insurance Inc
ARBN: 000 837 801
29/1/20 Sompo undertaking
Tokio Marine & Nichido Fire Insurance Co Ltd
ARBN: 000 438 291
29/1/20 Tokio Marine undertaking
White Rock Insurance (Europe) PCC Ltd
Co Registration no.: C45413
29/1/20 White Rock undertaking
360 Farm and Regional Pty Ltd
088 296 324
30/1/20 360 Farm undertaking 
Interrisk Australia Pty Ltd
107 477 181 
30/1/20 Interrisk Australia undertaking
Millennium Underwriting Agencies Pty Ltd
079 194 095
30/1/20 Millennium Underwriting undertaking
RAC Insurance Pty Ltd
094 685 882
30/1/20 RAC Insurance undertaking
Sura Film and Entertainment Pty Ltd
160 769 602
30/1/20 Sura Film and Entertainment undertaking
Sura Hospitality Pty Ltd
060 176 543
30/1/20 Sura Hospitality undertaking
Sura Plant And Equipment Pty Ltd
087 238 837
30/1/20 Sura Plant And Equipment undertaking
Aust RE Brokers Pty Ltd
140 265 658
1/2/20 Aust RE Brokers undertaking
Sura Construction Pty Ltd
147 580 756
1/2/20 Sura Construction undertaking
Achmea Schadeverzekeringen N.V.
ARBN: 158 237 702
5/2/20 Achmea Schadeverzekeringen undertaking
Argenta Underwriting Asia Pte. Ltd.
ARBN: 608 570 716
5/2/20 Argenta Underwriting undertaking
ATC Insurance Solutions Pty Ltd
ACN: 121 360 978
5/2/20 ATC Insurance Solutions undertaking
Glenowar Pty Ltd
ACN: 074 776 631
5/2/20 Glenowar undertaking
Interrisk Queensland Pty Ltd
ACN: 109 467 665
5/2/20 Interrisk Queensland undertaking

Axis Underwriting Services Pty Ltd
ACN: 090 508 142

13/2/20 Axis Underwriting Services undertaking
Complete Strata Insurance Underwriting Pty Ltd
ACN: 143 415 070
13/2/20 Complete Strata Insurance undertaking
Core Underwriting Pty Ltd
ACN: 165 257 830
13/2/20 Core Underwriting undertaking
CRE Insurance Broking Pty Ltd
ACN: 157 782 084
13/2/20 CRE Insurance Broking undertaking
Epsilon Insurance Broking Services Pty Ltd
ACN: 097 402 134
13/2/20 Epsilon Insurance Broking undertaking
HDI Global Speciality SE
ACN: 129 395 544
13/2/20 HDI Gloabal Specialty undertaking
Liberty Mutual Insurance Company
ACN: 086 083 605
13/2/20 Liberty Mutual undertaking
Nexus (Aust) Pty Ltd
ACN: 009 111 719
13/2/20 Nexus (Aust) undertaking
Pen Underwriting Pty Ltd
ACN: 113 929 516
13/2/20 Pen Underwriting undertaking
Agile Underwriting Services Pty Ltd
ACN: 607 908 243
26/2/20 Agile Underwriting undertaking
AIOI Nissay Dowa Insurance Company Australia Pty Ltd
ACN: 132 524 282
26/2/20 AIOI Nissay Dowa undertaking
Austcover Pty. Ltd.
ACN: 073 425 662
26/2/20 Austcover undertaking
Avatar Brokers Pty Ltd
ACN: 166 369 446
26/2/20 Avatar Brokers undertaking
Catholic Church Insurance Limited
ACN: 000 005 210
26/2/20 Catholic Church undertaking
Catlin Australia Pty Ltd
ACN: 108 319 786
26/2/20 Catlin Australia undertaking
KJ Risk Group Pty Ltd
ACN: 143 512 387
26/2/20 KJ Risk undertaking
Pacific Underwriting Corporation Pty Ltd
ACN: 091 225 535
26/2/20 Pacific Underwriting undertaking
Quantum Insurance Holdings Pty Ltd
ACN: 163 019 485
26/2/20 Quantum Insurance undertaking
Rural Affinity Insurance Agency Pty Ltd
ACN: 119 838 854
26/2/20 Rural Affinity undertaking
SLE Worldwide Australia Pty Limited
ACN: 066 698 575
26/2/20 SLE Worldwide undertaking
Xenon Underwriting Pty Ltd
ACN: 626 485 078
26/2/20 Xenon Underwriting undertaking
Youi Pty Ltd
ACN: 123 074 733
26/2/20 Youi undertaking
Amazon Underwriting Pty Ltd
ACN: 605 879 507
27/2/20 Amazon Underwriting undertaking
High Street Underwriting Agency Pty. Limited
ACN: 096 939 169
27/2/20 High Street Underwriting undertaking
RAA Insurance Limited
ACN: 007 872 602
27/2/20 RAA Insurance undertaking
Sportscover Australia Pty Ltd
ACN: 006 637 903
27/2/20 Sportscover Australia undertaking
Steadfast Placement Solutions Pty Ltd
ACN: 159 898 398
27/2/20 Steadfast Placement undertaking
Tolehouse Risk Services Pty Ltd
ACN: 125 269 883
27/2/20 Tolehouse Risk undertaking
AON Risk Services Australia Limited
ACN: 000 434 720
5/3/20 AON Risk undertaking
H.W. Wood Australia Pty. Ltd
ACN: 007 414 566
5/3/20 H.W.Wood undertaking
Steadfast IRS Pty Limited
ACN: 159 898 398
5/3/20 Steadfast IRS undertaking
Austbrokers AEI Pty Limited
ACN: 128 875 767
18/3/20 Austbrokers AEI undertaking
AXA Corporate Solutions Assurance
ACN: 138 904 284
18/3/20 AXA Corporate undertaking
Defence Services Homes Insurance Scheme
ACN: 97 191 187 638
18/3/20 Defence Services undertaking
GSA Insurance Brokers Pty Ltd
ACN: 084 437 196
18/3/20 GSA Insurance undertaking
MBA Insurance Services Pty Ltd
ACN: 110 143 550
18/3/20 MBA Insurance undertaking
Professional Risk Underwriting Pty Ltd
ACN: 103 953 073
18/3/20 Professional Risk undertaking
TT Club Mutual Insurance Limited
ACN: 129 394 618
20/3/20 TT Club Mutual undertaking
Arthur J. Gallagher & Co (Aus) Limited
ACN: 005 543 920
25/3/20 Arthur J. Gallagher undertaking part 1
Arthur J. Gallagher & Co (Aus) Limited
ACN: 005 543 920
25/3/20 Arthur J. Gallagher undertaking part 2
Proteus Marine Insurance Pty Ltd
ACN: 612 132 126
25/3/20 Proteus Marine undertaking
Lion Underwriting Pty Ltd
ACN: 604 592 467
31/3/20 Lion Underwriting undertaking
Sportscover Australia Pty Ltd
ACN: 006 637 903
31/3/20 Sportcover undertaking
One Underwriting Pty Ltd
ACN: 006 767 540
31/3/20 One Underwriting undertaking
AR (WA) Pty Ltd
ACN: 165 707 399
15/4/20 AR (WA) Pty Ltd undertaking
Chase Underwriting Pty Ltd
ACN: 156 554 808
15/4/20 Chase Underwriting undertaking
Deskhaven Pty Ltd
ACN: 010 342 980
15/4/20 Deskhaven undertaking
Professional Services Corporation Pty Ltd
ACN: 119 835 611
15/4/20 Professional Services undertaking
PSC Insurance Brokers (Aust) Pty Ltd
ACN: 129 444 828
15/4/20 PSC Insurance undertaking
Emjay Insurance Brokers Pty Ltd
ACN: 002 815 910
21/4/20 Emjay Insurance undertaking
CKA Risk Solutions Pty Ltd
ACN: 109 033 123
28/4/20 CKA Risk undertaking

Refund undertakings are provided for in section 31 H of the Emergency Services Levy Insurance Monitor Act 2016.

 

Refund undertakings Register for 2016 & 2017

Refund undertakings accepted in relation to the financial years 2016 & 2017 combined. 

A total of $1.6 million was over-collected in the final two years of the former ESL scheme and refunded by the following insurers.

Company & ACN Undertaking acceptance date Copy of undertaking*
Terrace Insurance Brokers Pty. Ltd.
ACN 008 173 313
20/02/2018 Terrace undertaking pdf
Insure That Pty. Ltd. 
ACN 088 296 324
26/03/2018 Insure That undertaking pdf
Professional Risk Underwriting Pty. Ltd.
ACN 103 953073
5/04/2018 Professional Risk undertaking Pdf
JUA Underwriting Agency Pty. Ltd.
ACN 004 566 465
10/04/2018 JUA Underwriting undertaking Pdf
Arthur J. Gallagher & Co (Aus) Ltd.
ACN 005 543 920
11/04/2018 Arthur J. Gallagher & Co undertaking pdf
Aioi Nissay Dowa Insurance Co. Australia Pty. Ltd.
ACN 132 524 282
18/04/2018 Aioi Nissay Dowa Insurance undertaking Pdf
Assetinsure Pty Ltd.
ACN 066 463 803
18/04/2018 Assetinsure undertaking Pdf
H.W. Wood Australia Pty. Ltd.
ACN 007 414 566
18/04/2018 H.W. Wood undertaking Pdf
Millennium Underwriting Agencies Pty. Ltd.
ACN 079 194 095
20/04/2018 Millennium Underwriting undertaking Pdf
RAA Insurance Ltd.
 ACN 007 872 602
20/04/2018 RAA Insurance undertaking Pdf
OnePath General Insurance Pty Ltd.
ACN 072 892 365
3/05/2018 OnePath General Insurance Undertaking Pdf
KJ Risk Group Pty. Ltd.
ACN 143 512 387
15/5/2018 KJ Risk Group undertaking Pdf
Sompo Japan Nipponkoa Insurance Inc.
ARBN 000 837 801
15/5/2018 Sompo Japan Nipponkoa undertaking Pdf
Austagencies Pty Ltd.
ACN 006 090 464
6/6/2018 Austagencies undertaking Pdf
Ensurance Underwriting Pty. Ltd
ACN 158 973 365
10/7/2018 Ensurance undertaking Pdf
Achmea Schadeverzekeringen N.V. 
ARBN 158 237 702
24/7/18 Achmea S. undertaking Pdf
Bovill Risk & Insurance Consultants Pty. Ltd.
ACN 072 412 474
31/8/18 Bovill Risk undertaking Pdf
Affinity Risk Partners (Brokers) Pty. Ltd.
ACN 091 944 580 
6/9/18 Affinity undertaking Pdf
GSA Insurance Brokers Pty. Ltd.
ACN 084 437 196
6/9/18 GSA undertaking Pdf
Ironshore Australia Pty. Ltd.
ACN 149 117 724
6/9/18 Ironshore undertaking Pdf
White Rock Insurance (Europe) PCC Ltd. 6/9/18 White Rock undertaking Pdf
Aon Risk Services Australia Ltd.
ACN 000 434 720
10/9/18 Aon undertaking Pdf
Mitsui Sumitomo Insurance Company Ltd.
ACN 000 525 637
10/9/18 Mitsui Sumitomo undertaking Pdf
Insurance Advisernet Australia Pty Ltd.
ACN 072 343 643
13/9/18 Insurance Advisernet undertaking Pdf
Panoptic Underwriting Ag Pty Ltd.
ACN 153 195 165
13/9/18 Panoptic Underwriting undertaking Pdf
Primassure (Australia) Pty Ltd.
ACN 130 109 429
17/9/18 Primassure undertaking Pdf
Quantum Insurance Holdings Pty Ltd.
ACN 163 019 485
17/9/18 Quantum undertaking Pdf
NM Insurance Pty Ltd.
ACN 100 633 038
25/9/18 NM Insurance undertaking Pdf
Donaldson Brown Ltd.
NZCN 5172621
27/9/18 Donaldson Brown undertaking Pdf
Amazon Underwriting Pty Ltd.
ACN 605 879 507
27/9/18 Amazon Undertaking Pdf
One Underwriting Pty Ltd.
ACN 006 767 540
17/10/18 One Underwriting Undertaking Pdf
Trident Insurance Group Pty Ltd.
ACN 066 347 224
12/11/18 Trident Insurance Undertaking Pdf

Refund undertakings are provided for in section 31 H of the Emergency Services Levy Insurance Monitor Act 2016.