Exemption for driving specified motor vehicle
4.  Section 120(3) of the Act does not apply to an individual who drives a specified motor vehicle on a specified road during the specified event under the following conditions:
(a)the individual is authorised by PICH Event Management Pte. Ltd. to drive the specified motor vehicle;
(b)the individual who drives the specified motor vehicle possesses a valid driving licence granted under the Road Traffic (Motor Vehicles, Driving Licences) Rules (R 27) authorising the individual to drive the class of the specified motor vehicle;
(c)the specified motor vehicle is driven to transport any individual or thing in connection with the specified event;
(d)there is in force, at any time the specified motor vehicle is used in connection with the specified event, a policy of insurance in relation to the specified motor vehicle insuring against any liability in respect of —
(i)the death of or bodily injury sustained by any person (including the driver of the specified motor vehicle); and
(ii)any property damage suffered by any person (including the driver of the specified motor vehicle),
caused by or arising out of the use of the specified motor vehicle;
(e)the risk under the policy of insurance mentioned in sub‑paragraph (d) is assumed by an insurer who, at the time the policy is issued, is lawfully carrying on an insurance business in Singapore.