Article 8 Public liability insurance
In this article—
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“insurer” means any insurer or insurers authorised under the Insurance Companies Act 1982f1 to 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 Company’s railway of not less that £1 million.
The Company shall not work the Company’s 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 level 5 on the standard scale 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