234 What duty is payable?
(1) The amount of duty chargeable on the premium paid in relation to a
contract of insurance is 9% of the amount of the premium to the extent to
which the premium is paid to effect Type A
insurance.
(2) The amount of duty chargeable on the premium paid in relation to a
contract of insurance is 5% of the amount of the premium to the extent to
which the premium is paid to effect Type B
insurance.
(3) The amount of duty chargeable on the premium paid in relation to a
contract of insurance is 2.5% of the amount of the premium to the extent to
which the premium is paid to effect Type C
insurance.