SCHEDULES
F3SCHEDULE 7A INSURANCE PREMIUM TAX: CONTRACTS THAT ARE NOT TAXABLE
Annotations:
Amendments (Textual)
PART I DESCRIPTIONS OF CONTRACT
Contracts relating to lifeboats and lifeboat equipment
5
1
A contract falls within this paragraph if it relates only to a lifeboat and is F1a contract of general insurance of a relevant class.
F22
For the purposes of this paragraph, a contract of general insurance is of a relevant class if it insures against risks arising from or in relation to—
a
accidents,
b
ships, or
c
liabilities of ships,
(and no other risks).
3
For the purposes of this paragraph a lifeboat is a vessel used or to be used solely for rescue or assistance at sea.
Sch. 7A inserted (1.10.1994) by S.I. 1994/1698, art. 5