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

Section 35 Disposition versions

2012-09-01

35. The insurance contribution payable upon the issue of a restricted licence covered by section 76 of the Highway Safety Code (chapter C-24.2) 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, between the date of licence issue and its expiry date.

The monthly insurance contribution is the quotient obtained in dividing by 12:

(1)  the insurance contribution of $133.65 for issue of a restricted licence in 2009 (in 2008, the insurance contribution was $130.52);

(2)  the insurance contribution of $136.47 for issue of a restricted licence in 2011 (in 2010, the insurance contribution was $134.99); the annual insurance contribution is calculated by indexing on 1 January of the year of issue under sections 42 and 43, the amount of the annual insurance contribution for the preceding year, before adjustment under section 45.

The insurance contribution of $140.29 for issue of a restricted licence in 2012.

Decision 2007-03-28.