Insurance (Protection and Indemnity Clubs) Regulations

Insurance Act

(Chapter 142, Sections 18, 52(1) and 64)

Rg 10

G.N. No. S 468/2002

REVISED EDITION 2004

(29th February 2004)

[1st October 2002]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Insurance (Protection and Indemnity Clubs) Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“Protection and Indemnity Club” means an insurer registered under section 8 of the Act as a direct insurer to carry on general class of insurance business who is permitted under his licence to carry on protection and indemnity insurance business only;

“protection and indemnity insurance business” means the business of insuring against third party liabilities and expenses arising from owning, or operating, ships as principals.

Search within Legislation