15A. For the purposes of the Act, “marine mutual insurance business” means the business of providing the insurance of liabilities under insurance policies on the basis of mutual insurance on any of the following risks:
(a)
risks upon goods, merchandise or property of any description transported on board vessels, including incidental transit before and after shipment;
(b)
risks upon the freight of, or any other interest in or relating to, vessels;
(c)
risks upon vessels, or upon machinery, tackle furniture or equipment of vessels;
(d)
risks against damage arising out of or in connection with the use of vessels, including third-party risks;
(e)
risks incidental to the construction, repair or docking of vessels, including third-party risks.