If a registered operator of a registered motor vehicle applies for renewal of registration for the motor vehicle, the registered operator must also—
(a) select, in a way approved by the road transport authority, a licensed insurer to be the CTP insurer under a CTP policy for the motor vehicle for the period of renewed registration; and
(b) pay to the road transport authority the CTP premium for the CTP policy for the period of renewed registration.
Note CTP premiums must be decided in accordance with pt 2.6.