Report of
Teradandon
of policy.
Production
of proof of Magrance oHO Application for plure vesper Boence dr db ptodac- tion of Keen LE following
trarter of ownership al pleade vesel.
(Cap. 281, sub, leg.)
Provided that, if the owner of the pleasure vessel or the person using it within 5 days after the date on which the production of the policy of insurance was so required. produces the policy of insurance or satisfactory evidence that a policy has been effected, in person at such place as may have been specified by him at the time the production of the policy was required, he shall not be convicted under this section of the offence of failing to produce the policy,
107K. (1) Every authorized insurer by whom a policy is issued for the purposes of this Part shall keep a record of the following partículars relative therelo-
(a) the full name and address of the person to whom
the policy is issued
(6) the description of the type of the pleasure vessel to which the policy relates and, where known, the name and licence number of the vessel;
(c) the date on which the policy comes into force and
the date on which it expires:
(d) the conditions subject to which the persons or classes of persons specified in the policy will be indemnified.
and every such record shall be preserved for 1 year from the date of expiry of the policy.
(2) Every authorized insurer by whom records att required to be kept under subsection (1) shall, without charge, Furnish to the Director or the Commissioner of Police mi request any particulars thereof.
107L. Where to the knowledge of an authorized insura a policy issued by him for the purposes of this Part ceasey 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 Direct and the Comunissioner of Police of the date on which the policy ceased to be cffective.
10TM. (1) Any person-
(4) applying for a pleasure vessel liccuce under regula- lion 3 of the Merchant Shipping (Pleasure Vessel} Regulations;
(6) producing a pleasure vessel licence to the Director for endorsement following a transfer of ownership to bim 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 tha!-
(D) on the date when such pleasure vessel licence takes
effect there will be in operation; or
(11) in the case of a transfer of ownership there in in
operation,
such policy of insurance in respect of third party risks us is required under section 10NG.
(2) The Director shall not issue a pleasure vessel licence to any applicant who fails to comply with subsection (1)
Cathed SoulHe
7
107N. Any authorized insurer who contravenent section 107K or 1071. 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.
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.
Plan
Clerk to the Legislative Council,
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