20 & 21 Gea. 6.
c. 44, s. 131.
20 & 21 Geo. 6. c. 13, s. 1.
20 & 21 Geo. 5.
c. 43, a. 42.
20 & 31 Geo, 5.
c. 49, s. 121.
(Cap. 111
in question is issued or given, is authorized by the Authority under section 3 to carry on motor vehicle insurance business in this Colony ;
"driver", where a separate person acts as steersman of a motor vehicle, includes that person as well as any other person engaged in the driving of the vehicle, and the expression "drive" shall be construed accordingly; "insurer" means any company, underwriter, or co-operative society, which is for the time being authorized by the Authority under section 3, to carry on motor vehicle insurance business in this Colony :
"motor vehicle" means a vehicle intended or adapted for use on roads, and propelled by any form of mechanical power, and includes a motor bicycle with or without a side-car or trailer,, a motor tricycle and a bicycle or tricycle assisted by a motor but not a vehicle drawn by any other motor vehicle, nor any conveyance for use solely on railways or tramways; "motor vehicle insurance business" means the business of effecting contracts of insurance against loss of, or damage to or arising out of or in connexion with the use of, motor vehicles, including third party risks;
*'owner'', in relation to a vehicle which is the subject of a hiring agreement or hire purchase agreement, means the person in possession of the vehicle under that agreement; "policy of insurance" includes a covering note ; (Cap. 220), "road" bas the meaning assigned by section 2 of the Vehicle and
Road Traffic Ordinance; "statutory declaration" means a statement in writing lawfully sworn, affirmed or declared in accordance with the Statutory Declaration Ordinance, or if made outside this Colony in writing sworn or affirmed in the manner provided by the law in force in the place where the oath or affirmation is made.
3. (1) Subject to the provisions of subsection (2), the Authority may, by notice in the Gazette, authorize any company, or any underwriter being a member of any association of under- writers approved by the Authority, or any co-operative society, to carry on motor vehicle insurance business in this Colony: Provided that the Authority shall not grant such authorization
Authority for carrying on motor vehicle insurance business.
unless the Authority is satisfied as to the financial stability of the company, underwriter or co-operative society and for such satisfaction may require the making of a deposit not exceeding two hundred thousand dollars which shall be subject to the pro- visions of paragraphs (a), (b), (c), (e) and (f) of section 5 and the substituted paragraph (d) of section 5 contained in subsection (3) of section 7 of this Ordinance relating to deposits.
(2) Where the Authority ceases to be satisfied as to the financial stability of any company, underwriter, or co-operative society, which is by a notice under subsection (1) authorized to carry on motor vehicle insurance business in this Colony, the Authority may, by notice in the Gasette, revoke such authoriza- tion and declare that the company, underwriter or co-operative society to which or to whom the notice relates is no longer authorized under this section to carry on such business in this Colony. Any such notice shall have effect from such time and date as is specified therein.
on users of
4. (1) Subject to the provisions of this Ordinance it shall Obligation not be lawful for any person to use, or to cause or permit any motor other person to use, a motor vehicle on a road unless there is in yehicles to be insured force in relation to the user of the vehicle by that person or that against
third other person, as the case may be, such a policy of insurance or party risks. such a security in respect of third party risks as complies with 20 & 21 the requirements of this Ordinance,
Geo. D, e. 13, s. 35.
(2) If a person acts in contravention of this section, he shall be liable to a fine of one thousand dollars and to imprisonment for three months, and a person convicted of an offence under this section shall (unless the magistrate for special reasons thinks fit to order otherwise and without prejudice to the power of the magistrate to order a longer period of disqualification) be dis- qualified for holding or obtaining a licence to drive a motor vehicle for a period of twelve months from the date of the conviction.
A person disqualified by virtue of a conviction under this section or of an order made thereunder for holding or obtaining a licence shall, for the purposes of the Vehicle and Road Traffic (Cap. 220). Ordinance, be deemed to be disqualified by virtue of a conviction under the provisions of that Ordinance.