Article 4 Public Liability Insurance
In this article
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“insurer” means any insurer or insurers authorised under the Insurance Companies Act 1982f1to carry on in the United Kingdom insurance business of a relevant class or who has corresponding permission under the law of another member state of the European Economic Community;
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“policy” means a public liability policy with an insurer providing maximum cover in respect of any one accident on or occasioned by the operation of the railway of not less than £2 million.
The Company shall not work any part of the railway unless there is in force a policy in accordance with the provisions of this article.
In default of compliance with the provisions of this article the Company shall be liable on summary conviction to a fine not exceeding the statutory maximum or, on conviction on indictment, to a fine.
The adequacy of the cover provided by a policy maintained in accordance with this article shall be regularly reviewed by the Company.
Annotations
Footnotes
- f1