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.