Motor Accident Insurance Regulation 2018

For fixing insurance premiums for CTP insurance, motor vehicles are classified as stated in schedule 1.

If a motor vehicle falls into 2 or more of the classes stated in schedule 1, the vehicle’s class is taken to be the class that attracts the highest insurance premium.

However—

if the motor vehicle is used only for primary production, the insurance premium is calculated on the basis appropriate to a vehicle used only for primary production even if the vehicle also belongs to another class that attracts a higher insurance premium; and

if a bus falls into class 9 and also class 10A or 11, the bus is taken to fall into class 9, and not class 10A or 11, if—

the bus is not likely to be used for a purpose that would result in its classification under class 10A or 11 for a period, or a number of separate periods, of more than ¹⁴/₃₆₅ of the total registration period for the bus; and

before the bus is used for a purpose mentioned in subparagraph (i), the registered operator of the bus advises the insurer of the day or days on which the bus is to be used for that purpose and pays to the insurer a surcharge equal to the higher of the following—

$4 for each day the bus is to be used for that purpose;

$10; and

if a bus (a replacement bus) falls into a class other than class 10B, the replacement bus may be used to replace a bus that falls into class 10B (a class 10B bus), without affecting the classification of the replacement bus under schedule 1, if—

the replacement bus is used to replace a class 10B bus for a period, or a number of separate periods, of not more than ¹⁴/₃₆₅ of the total registration period of the replacement bus; and

before the replacement bus is used to replace a class 10B bus, the registered operator of the replacement bus advises the insurer of the day or days on which the replacement bus is to be used to replace a class 10B bus; and

while the replacement bus is used to replace a class 10B bus, the class 10B bus is not used to transport passengers.