86Insurance in respect of trailers

86 Insurance in respect of trailers (1) The Commission may enter into a contract of insurance in the prescribed form with the owner of a trailer insuring the owner, and any other person in charge of the trailer at any time, against liability that may be incurred in respect of the death of or injury to any person caused by or arising out of the use of the trailer in Victoria or in any other State or in a Territory. (2) A contract of insurance under this Part— (a) remains in force for the period for which the registration of the trailer remains in force; and S. 86(2)(b) amended by No. 32/1988 s. 20(2). (b) enures in favour of the owner for the time being of the trailer; and S. 86(2)(c) inserted by No. 32/1988 s. 20(2), amended by No. 67/2013 s. 649(Sch. 9 item 32(10)). (c) does not insure the owner of a trailer against liability to pay compensation under the **Accident Compensation Act 1985** or the **Workplace Injury Rehabilitation and Compensation Act 2013** or under an enactment of another State or of a Territory relating to workers compensation. (3) A person who, for the purpose of effecting a contract of insurance under this Part, knowingly makes a false statement is liable to a penalty not exceeding 4 penalty units but the contract of insurance is not avoided by the making of the statement.