Article 10 Public Liability insurance
In this article—
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“insurer” means any insurer or insurers authorised under the InsuranceCompanies Act 1982 f1 to carry on in the United Kingdom insurance businessof a 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 inforce a 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 the statutorymaximum 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