A-25, r. 3 - Regulation respecting insurance contributions

Section 24 Disposition versions

2012-09-01

24. The insurance contribution exigible under the second paragraph of section 18 and sections 20 to 23 for a driver’s licence bearing one or more of classes 1 to 5 is the amount obtained by adjusting, in accordance with section 45, the product of the monthly insurance contribution set under the second and third paragraphs by the number of months, including parts of months, less one, comprised in the period for which an insurance contribution is exigible under those sections.

With respect to the insurance contribution exigible under sections 20 to 23, the monthly insurance contribution is the quotient obtained in dividing by 12 the annual insurance contribution prescribed by those sections, before adjustment under section 45.

With respect to the insurance contribution exigible under the second paragraph of section 18, the insurance contribution for a month is the quotient obtained in dividing by 12 the annual insurance contribution for the year of licence issue under section 12, before adjustment under section 45, according to licence class and the total number of demerit points calculated in accordance with the second paragraph of section 13.

Decision 2007-03-28, s. 24.