304
CurrentInsurer on risk—period of registration
Chapter 6Motor accident injuries insurance
Part 6.5Length of MAI policy
304 Insurer on risk—period of registration
(1)
The MAI insurer of a registered motor vehicle is on risk for the period of registration of the motor vehicle.
(2)
However, if the registration is renewed before the previous period of registration ends—
(a)
the old insurer is on risk until the previous period of registration ends; and
(b)
the new insurer comes on risk immediately after the previous period of registration ends.
(3)
The MAI insurer ceases to be on risk if the MAI policy is cancelled.
Note
Cancellation of MAI policies for a registered motor vehicle is dealt with in s 311.
This Act’s bill:Explanatory statementSecond reading speech
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