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

Section 40 Disposition versions

2012-09-01

40. Where the holder of a licence bearing one or more of classes 1 to 5 and one or more of classes 6A, 6B and 6C, except for a learner’s licence, who asks for cancellation of all classes other than classes 6A, 6B and 6C and the person whose licence classes other than classes 6A, 6B and 6C have been suspended, is entitled, on request, to a refund of part of the insurance contribution paid.

The amount of refund is the amount obtained by adjusting, in accordance with section 45, the product obtained by multiplying the monthly insurance contribution by the number of months, excluding parts of months, between the date of the event that triggers a refund and the expiry date of the period during which the holder was authorized to drive; the monthly insurance contribution is the quotient obtained in dividing by 12 the insurance contribution under section 12, before adjustment under section 45, for classes 1 to 5 and no demerit point on record, according to the insurance contribution payment due year.

Decision 2007-03-28, s. 40.