MAI policy not affected by transfer etc of vehicle or trader’s plate
296 MAI policy not affected by transfer etc of vehicle or trader’s plate
An MAI policy for an insured motor vehicle is not affected by a change in who is the responsible person for the vehicle.
An MAI policy for a registered motor vehicle is not affected by a transfer of the registration of the vehicle.
Registration of a vehicle may be transferred under the Road Transport (Vehicle Registration) Regulation 2000, pt 4.2.
An MAI policy for a motor vehicle with a valid trader’s plate attached is not affected by a transfer of the trader’s plate.
A trader’s plate may be transferred under the Road Transport (Vehicle Registration) Regulation 2000, s 100.
If the road transport authority becomes aware of any of the following changes in relation to an insured motor vehicle, the road transport authority must tell the MAI insurer for the motor vehicle about the change:
a change in who is the responsible person for the vehicle;
a change in registration details of the vehicle;
a change of person to whom a valid trader’s plate is issued.
This Act’s bill:Explanatory statementSecond reading speech
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