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Ord. No. 65/78 MERCHANT SHIPPING (AMENDMENT) (NO. 2)
Termination of policy.
Production of proof of insurance on application for pleasure vessel licence or on produc- tion of licence following transfer of ownership of pleasure vessel.
(Cap. 281, sub. leg.)
Offences and penalties.
and every such record shall be preserved for 1 year from date of expiry of the policy.
(2) Every authorized insurer by whom records are required to be kept under subsection (1) shall, without charge, furnish to the Director or the Commissioner of Police on request any particulars thereof.
107L. Where to the knowledge of an authorized insurer a policy issued by him for the purposes of this Part ceases to be effective without the consent of the person to whom it was issued otherwise than by effluxion of time or by reason of his death, the insurer shall forthwith notify the Director and the Commissioner of Police of the date on which the policy ceased to be effective.
107M. (1) Any person-
(a) applying for a pleasure vessel licence under regula- tion 3 of the Merchant Shipping (Pleasure Vessels) Regulations;
(b) producing a pleasure vessel licence to the Director for endorsement following a transfer of ownership to him under regulation 6 of the Merchant Shipping (Pleasure Vessels) Regulations,
shall, upon such application or production, produce to the Director any necessary policy of insurance, or such other documentary proof as shall be sufficient to indicate that-
(i) on the date when such pleasure vessel licence takes
effect there will be in operation; or
(ii) in the case of a transfer of ownership there is in
operation,
such policy of insurance in respect of third party risks as is required under section 107C.
(2) The Director shall not issue a pleasure vessel licence to any applicant who fails to comply with subsection (1).
107N. Any authorized insurer who contravenes section 107K or 107L commits an offence and is liable to a fine of $1,000 and to imprisonment for 3 months.".
Passed by the Hong Kong Legislative Council this 19th day of July,
1978.
STEPHEN S. P. Tam, Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
STEPHEN S. P. TAM,
Clerk to the Legislative Council.