reg 16
In forceMAI premium if vehicle or plate in multiple classes
Part 4MAI premiums
16 MAI premium if vehicle or plate in multiple classes
(1)
This section applies if a motor vehicle or trader’s plate fits into 2 or more MAI premium classes.
(2)
The maximum MAI premium payable for an MAI policy for the vehicle or plate is the higher of the maximum premiums that apply to the vehicle or plate.
Example
Phillipe uses his ute for car sharing. This means the ute fits into both MAI premium class 3 (goods vehicle) and class 25B (personal share vehicle). If the MAI premium is higher for class 25B than class 3, Phillipe must pay the class 25B premium.
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