268Approvals—insurance

268 Approvals—insurance

268 Approvals—insurance

(1) The owner of a road vehicle used to transport placard loads, or a prime contractor responsible for the condition of the vehicle, may make an application in accordance with section 196 to use the vehicle even if the vehicle is not covered by a policy of insurance or other form of indemnity mentioned in section 265(1)(a) or 266(1)(a).

(2) If the Competent Authority is satisfied the owner or prime contractor is adequately capable of self-insurance for the purposes of section 265(1)(a) or 266(1)(a), the Competent Authority may give written approval for the use of the vehicle.

(3) An approval under subsection (2) may be given by the Competent Authority—

(a) for a single use or for a period not longer than 5 years, and

(b) subject to any other condition.