# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 29: Insurance and reinsurance services in relation to ships

Extent: E+W+S+N.I.

(1) A person (“P”) must not provide insurance or reinsurance services in relation to a ship if P knows, or has reasonable cause to suspect, that P is providing such services in relation to a ship that is—
(a) owned, controlled or operated by a person connected with the DPRK;
(b) a specified ship;
(c) a ship registered in the DPRK, or
(d) a ship flying the flag of the DPRK.
(2) Paragraph (1) is subject to Part 9 (Exceptions and licences).
(3) A person who contravenes the prohibition in paragraph (1) commits an offence.
(4) For the purposes of paragraph (1), the reference to a ship being “owned” or “controlled” by a person is to be interpreted in accordance with regulation 80.
(5) In this regulation—
“ship” includes every description of vessel (including a hovercraft) used in navigation;
“specified ship” means a ship specified by the Secretary of State under regulation 11(1) or (2).

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Source: https://www.legislation.gov.uk/uksi/2019/411/regulation/29 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.