15. Risks excluded from section 83(1) of Act
Feedback & supportLast amended by an amending law of 2022. 2 amendments in all.
The reference in section 83(1) of the Act to a contract of insurance shall not apply to insurance risks relating to —
maritime liabilities of ship owners insured by a marine mutual insurer; or
marine, aviation and transit business insured with an approved MAT insurer.
For the purpose of paragraph (1)(b), “approved MAT insurer” has the same meaning as in regulation 2 of the Insurance (Approved Marine, Aviation and Transit Insurers) Regulations (Rg 15).
Subregulation 1
The reference in section 83(1) of the Act to a contract of insurance shall not apply to insurance risks relating to —
maritime liabilities of ship owners insured by a marine mutual insurer; or
marine, aviation and transit business insured with an approved MAT insurer.
Subregulation 2
For the purpose of paragraph (1)(b), “approved MAT insurer” has the same meaning as in regulation 2 of the Insurance (Approved Marine, Aviation and Transit Insurers) Regulations (Rg 15).