32Effect of payment of premiums

32 Effect of payment of premiums

[Section 32 Substituted by No. 40 of 1974, s. 18 ]

(1)  Where a premium is paid in respect of a motor vehicle that premium is paid for the use of that vehicle during a specified period, and may be so paid for its use only so long as specified conditions are complied with.

(2)  [Section 32 Subsection (2) amended by No. 49 of 1997, s. 19, Applied:01 Dec 1997] Where a premium has been paid for the use of a vehicle during a period a portion of that premium may, in the manner prescribed, be refunded, and, if that portion is so refunded, a premium shall be deemed not to have been paid for the use of that vehicle for the remainder of that period.

(3)  [Section 32 Subsection (3) amended by No. 49 of 1997, s. 19, Applied:01 Dec 1997] Where a premium has been paid for the use of a vehicle during a period an additional premium calculated as determined by the Board may, in the manner prescribed, be paid, or a portion of the premium may, as prescribed, be refunded, in respect of a variation during the remainder of the period of the conditions in relation to which the premium was originally paid; and, if an additional premium is so paid, or a portion of the premium is so refunded, the premium paid for the use of that vehicle shall, as respects the remainder of that period, be deemed to have been paid for the use of the motor vehicle so long as the conditions as so varied are complied with.

(4)  Where a premium is paid for the use of a motor vehicle as a motor vehicle of a particular type or class that premium shall be deemed to have been paid for the use of that motor vehicle only so long as it remains a vehicle of that type or class; and that condition shall be deemed to be a condition that is referred to in the foregoing provisions of this section.

(5)  Without prejudice to the provisions of subsection (4) , the conditions that may be specified for the purposes of this section are those prescribed for the purposes of section 30 in relation to which the amount of a premium is determined.

(6)  References in this section to the variation of a condition shall be construed as including references to the removal or addition of a condition, and the substitution of one condition for another.