s 27 Benefit of rebate to pass to hirer
27.—(1) Where, 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.
(2) Any person who knowingly pays or allows any rebate referred to in subsection (1) to an owner shall be guilty of an offence.
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