Regulation 3
Prescribed risks
of Insurance (General Provisions and Exemptions for Marine Mutual Insurers) Regulations 2018
Subsidiary LegislationIn forceProvision 3 of 11
Regulation 3
For the purposes of the definition of “marine mutual insurance business” in section 1A of the Act, the prescribed risks are —
(a)
risks upon goods, merchandise or property of any description transported on board vessels, including incidental transit before and after shipment;
(b)
risks upon the freight of, or any other interest in or relating to, vessels;
(c)
risks upon vessels, or upon machinery, tackle furniture or equipment of vessels;
(d)
risks against damage arising out of or in connection with the use of vessels, including third‑party risks; and
(e)
risks incidental to the construction, repair or docking of vessels, including third‑party risks.