The Dart Valley Light Railway Plc (Totnes and Ashburton) Light Railway (Transfer) Order 1992

Public Liability Insurance

4.—(1) In this article

“insurer” means any insurer or insurers authorised under the Insurance Companies Act 1982(1)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;

“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.

(1)

1982 c. 50.