34
CAP. 281]
Merchant Shipping
[1986 Ed.
Interpretation.
(Cap. 41.)
(Cap. 281, sub. leg.)
Obligation on users of pleasure vessels to be insured against third party risks.
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61/89513
Requirements in
respect of
policies.
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PARTS XIII and XIV
[Repealed, 76 of 1978, s. 81]
PART XIVA
COMPULSORY INSURANCE FOR PLEASURE VESSELS
107B. In this Part, unless the context otherwise requires "authorized insurer" means any of the following-
(a) an insurer authorized under the Insurance Companies Ordinance to carry on insurance business of the nature specified in class 12 in Part 3 of the First Schedule to that Ordinance;
(b) an association of underwriters approved by the Governor
in Council under section 6 of that Ordinance;
(c) the society of underwriters known in the United Kingdom
as Lloyd's; (Replaced, 6 of 1983, s. 60)
"owner" in relation to a pleasure vessel, includes the person who is deemed to be the owner thereof by virtue of the Merchant Shipping (Pleasure Vessels) Regulations;
"pleasure vessel" means any launch, yacht, inflatable vessel, junk, lorcha or other vessel which is licensed or liable to be licensed under the Merchant Shipping (Pleasure Vessels) Regulations.
to which this Part applies 107C. (1) No owner of a pleasure vessel may use, or cause or permit any other person to use, that pleasure vessel in the waters of Hong Kong unless there is in force in relation to the user of the vessel by such owner or that other person, as the case may be, such policy of insurance as complies with section 107D.
(2) If a person contravenes subsection (1) he commits an offence and is liable to a fine of $10,000 and to imprisonment for 12 months.
107D. (1) For the purposes of section 107C(1) a policy of insurance must be a policy which-
(a) is issued by an authorized insurer; and
(b) insures such person, persons or classes of persons as may
be specified in the policy in respect of any liability which may be incurred by him or them in respect of the death of or bodily injury to any person caused by or arising out of the use of the pleasure vessel in the waters of the Colony:
Provided that such a policy shall not be required to
cover-
(i) liability in respect of the death arising out of and in the course of his employment of a person in the employment of a person insured by the policy or of bodily injury sustained by such a person arising out of and in the course of his employment; or
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