Hire-Purchase Act · 2024 Revised Edition · Part · Insurance
28. Contents of contracts of insurance
Official textFrom Attorney General's Chambers, unchanged
Every copy of a policy of insurance (not being a policy of third-party insurance) and every statement, served upon a hirer pursuant to section 4, shall —
third-party insurance
“third-party insurance” means any insurance in relation to liability in respect of death or bodily injury caused by or arising out of the use of a motor vehicle, being insurance required by law;
identify the goods or the part of the goods to be insured;
goods
“goods” includes any replacement or renewal by the hirer of any part or parts thereof and any accessories added or additions made thereto by the hirer during the period of the hiring;
contain a statement of the amount and period for which the goods are insured or are to be insured; and
if the amount for which the goods are or are to be insured will vary during the period of the agreement, contain a statement showing the varying amounts.
Hire-Purchase 30
Terms defined in s 2
goods
Defined · s 2“goods” includes any replacement or renewal by the hirer of any part or parts thereof and any accessories added or additions made thereto by the hirer during the period of the hiring;
hirer
Defined · s 2“hirer” means the person who takes or has taken goods from an owner under a hire-purchase agreement and includes a person to whom the rights or liabilities of the hirer under the agreement have passed by assignment or by operation of law;
third-party insurance
Defined · s 2“third-party insurance” means any insurance in relation to liability in respect of death or bodily injury caused by or arising out of the use of a motor vehicle, being insurance required by law;
Part