Clause 23

Every employer shall insure and maintain insurance under one or more approved policies with an insurer within the meaning of the Insurance Act against any liability which he may incur under the provisions of this Act (Cap. 193) to any workman employed by him except as the Minister may, by notification in the Gazette, otherwise provide.

Any employer who, for the purpose of defraying or partly defraying the cost of insurance in respect of his liability to pay compensation under this Act, makes any deduction from the earnings of a workman in his employment shall be guilty of an offence and shall be liable on conviction to a fine not exceeding two thousand dollars or to imprisonment for a term not exceeding six months or to both such fine and imprisonment.

Any employer who fails to insure himself in accordance with subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding four thousand dollars or to imprisonment for a term not exceeding one year or to both such fine and imprisonment.

For the purposes of this section “approved policy” means a policy of insurance not subject to any conditions or exceptions prohibited by regulations made under this Act.