Contracts relating to lifeboats and lifeboat equipmentU.K.
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.]U.K.
[F2(2)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.
Textual Amendments
F1Words in Sch. 7A para. 5(1) substituted (1.12.2001) by 2001/3649, art. 346(5)(a)
F2Sch. 7A para. 5(2) substituted (1.12.2001) by S.I. 2001/3649, art. 346(5)(b)
6(1)A contract falls within this paragraph if it relates only to a lifeboat and lifeboat equipment and is such that, if it related only to a lifeboat, it would fall within paragraph 5 above.U.K.
(2)In deciding whether a contract relates to lifeboat equipment the nature of the risks concerned is immaterial, and they may (for example) be risks of dying or sustaining injury or of loss or damage.
(3)For the purposes of this paragraph—
(a)“lifeboat” has the meaning given by paragraph 5(3) above; and
(b)“lifeboat equipment” means anything used or to be used solely in connection with a lifeboat.