Approval of marine hull and liability insurer
4.—(1)  The Minister or such person as he may appoint may, upon application by any insurer carrying on marine hull and liability business and if he considers it expedient in the public interest to do so, approve the insurer as an approved marine hull and liability insurer.
(2)  No approval shall be granted under paragraph (1) after 31st March 2016.
(3)  Any approval under paragraph (1) shall be for such period not exceeding 10 years as the Minister or such person as he may appoint may specify.
[S 212/2013 wef 19/02/2011]