Singapore legislation
Regulation 15
Regulation 15
Risks excluded from section 83(1) of Act
Amended byS 747/2007 wef 01/01/2008S 776/2022 wef 31/12/2021S 776/2022 wef 31/12/2021
Subregulation 1
Amended byS 747/2007 wef 01/01/2008S 776/2022 wef 31/12/2021
The reference in section 83(1) of the Act to a contract of insurance shall not apply to insurance risks relating to —
(a)
maritime liabilities of ship owners insured by a marine mutual insurer; or
(b)
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).