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

Section 13 Disposition versions

2012-09-01

13. Where upon issue of a licence bearing one or more of classes 1 to 5, the insurance contribution exigible is the amount obtained by adjusting, in accordance with section 45, the product obtained by multiplying the monthly insurance contribution set under the second paragraph by the number of months, including parts of months, less 1, during which the holder is authorized to drive.

The monthly insurance contribution is the quotient obtained in dividing by 12 the annual insurance contribution set under section 12, before adjustment under section 45, according to the year of licence issue and classes and of the total number of demerit points entered on the holder’s record over a period of 2 years determined as follows:

(1)  to find the date of the end of the period, 15 months and one day are subtracted from the expiry date of the period during which the holder is authorized to drive;

(2)  to find the date of the start of the period, 24 months are subtracted from the date of the end obtained in accordance with subparagraph 1.

Decision 2007-03-28, s. 13.