17.2(4)If an insurer assumes ownership of a motor vehicle that has sustained damage to the extent that it has become, as the result of the damage, a salvage vehicle, the insurer shall, within fourteen days after assuming ownership, notify the Registrar of the occurrence, indicate whether or not the insurer considers the vehicle to be non-repairable and obtain from the Registrar a new registration certificate, on which the status of the vehicle is shown as salvage or as non-repairable.