Hire-Purchase Act 1969 · 2020 Revised Edition · Part 6 · Insurance
27. Benefit of rebate to pass to hirer
Feedback & supportWhere, in respect of the insurance of goods comprised in a regulated 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.
goods
“goods” includes any replacement or renewal by the hirer of any part or parts of any goods and any accessory added or addition made to any goods by the hirer during the period of the hiring;
Any person who knowingly pays or allows any rebate referred to in subsection (1) to an owner shall be guilty of an offence.
owner
“owner” means a person by whom goods are bailed to a hirer under a hire‑purchase agreement or a conditional sale agreement and includes a person whom the owner’s rights or liabilities under the agreement have passed by assignment or by operation of law;