# The Dart Valley Light Railway Plc (Totnes and Ashburton) Light Railway (Transfer) Order 1992, Article 4: Public Liability Insurance


(1) In this article
“insurer” means any insurer or insurers authorised under the Insurance Companies Act 1982to 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;
“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.
(2) (i) 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.
(ii) 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.
(3) The adequacy of the cover provided by a policy maintained in accordance with this article shall be regularly reviewed by the Company.

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Source: https://www.legislation.gov.uk/uksi/1992/926/article/4 (the official version)
Page: https://openlegislation.uk/dart-valley-light-railway-plc-totnes-and-ashburton-light-railway-transfer-order-1992/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.