1989 Ed.]
Motor Vehicles Insurance (Third Party Risks) Regulations
[CAP. 272
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[Subsidiary]
(d) in the case of a policy, the conditions subject to which the persons or classes of persons specified in the policy will be indemnified; (e) in the case of a security, the conditions subject to which the undertaking given by the company under the security will be implemented, and every such record shall be preserved for one year from the date of expiry of the policy or security.
(2) Any person who has made a deposit with the Director of Accounting Services to the value of $2,000,000 in pursuance of section 4(4)(c) of the Ordinance and has not required such deposit to be returned to him shall keep a record of the motor vehicles owned by him and of any certificates issued by him under these regulations in respect of such motor vehicles and of the withdrawal or destruction of any such certificates. (L.N. 54 of 1968; L.N. 16 of 1977; L.N. 216 of 1985)
(3) Any person, authority, or company by whom records of documents are required to be kept by these regulations shall, without charge, furnish to the Commissioner of Police and the Commissioner for Transport on request any particulars thereof. (L.N. 88 of 1967)
10. Termination of policy or security
Where to the knowledge of a company a policy or security issued by them 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 company shall forthwith notify the Commissioner of Police and the Commissioner for Transport of the date on which the policy or security ceased to be effective.
11. Return of certificate on expiry of policy or security
(L.N. 88 of 1967)
Where with the consent of the person to whom it was issued a policy or security is transferred or suspended or ceases to be effective otherwise than by effluxion of time, such person shall forthwith return any relative certificates to the company by whom they were issued, and a new policy or security shall not be issued to that person, nor shall the said policy or security be transferred to any other person, unless and until the certificates have been returned to the company or the company is satisfied that they have been lost or destroyed.
12. Loss or destruction of certificates
Where any company by whom a certificate of insurance or a certificate of security has been issued is satisfied that the certificate has become defaced or has been lost or destroyed, they shall, if requested so to do by the person to whom the certificate was issued, issue to him a fresh certificate.
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