Hire-Purchase Act · s 27

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s 27Benefit of rebate to pass to hirer

Where, in respect of the insurance of goods comprised in a hire-purchase agreement, the insurer allows any rebate including a no-claim rebate or rebate of a similar nature (as distinct from legitimate agency commission payable to an owner who is also a bona fide agent of an insurer and who arranges the insurance on behalf of the hirer) the hirer under the agreement is entitled to the benefit of the rebate and any person who knowingly pays or allows any such rebate to an owner is guilty of an offence.