Comparison View

Formal Consolidation |  2004 RevEd
Risks excluded from section 35ZE(1) of Act
15.—(1)  The reference in section 35ZE(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 Protection and Indemnity Club; or
(b)marine, aviation and transit business insured with an approved MAT insurer.
(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).
Informal Consolidation | Amended S 776/2022
Risks excluded from section 83(1) of Act
15.—(1)  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
[S 747/2007 wef 01/01/2008]
(b)marine, aviation and transit business insured with an approved MAT insurer.
[S 776/2022 wef 31/12/2021]
(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).
[S 776/2022 wef 31/12/2021]