Article 10 Public liability insurance
In this article:—
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“insurer” means any insurer or insurers authorised under the InsuranceCompanies Act 1982f1 to carry on in the United Kingdom insurance business ofa relevant class or who has corresponding permission under the law ofanother member state of the European Economic Community;
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“policy” means a public liability policy with an insurer providing maximumcover in respect of any one accident on or occasioned by the operationof the railway of not less than £1 million.
The Company shall not work the railway unless there is in forcea policy in accordance with the provisions of this article.
If the Company contravene the provisions of this article they shallbe liable on summary conviction to a fine not exceeding level 5 on thestandard scale or, on conviction on indictment, to a fine.
The adequacy of the cover provided by a policy maintained inaccordance with this article shall be regularly reviewed by the Company.
Annotations
Footnotes
- f1