MAI premiums for policies for less than 1 year
17 MAI premiums for policies for less than 1 year
This section applies if a person—
registers a motor vehicle for less than 1 year; or
renews the registration of a motor vehicle for less than 1 year; or
is issued with a trader’s plate for less than 1 year; or
enters into an MAI policy for a light rail vehicle for less than 1 year.
Note An MAI premium for an MAI policy must be paid when—
registering a vehicle (see Act, s 298); and
renewing the registration of a vehicle (see Act, s 299); and
applying for a trader’s plate (see Act, s 300); and
intending to use a light rail vehicle (see Act, s 301).
The maximum MAI premium payable for an MAI policy for the vehicle or plate must be worked out in accordance with the MAI guidelines.
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