Approval of marine hull and liability insurer
4.  The Minister or such person as he may appoint may, upon application by any approved insurer and if he considers it expedient in the public interest to do so, approve the insurer as an approved marine hull and liability insurer for such period not exceeding 10 years as he may specify.
[S 80/2009, wef Y/A 2005 & Sub Ys/A:2009-SL-134-RG-80]