Chapter:	548	Title:	MERCHANT SHIPPING (LOCAL VESSELS) ORDINANCE	Gazette Number:	24 of 2005; L.N. 282 of 2006
Section:	23D	Heading:	Requirements in respect of policies of insurance	Version Date:	02/01/2007

(1) For the purposes of section 23C(1), a policy of insurance shall be a policy which¡X

(a) is issued by an authorized insurer;
(b) is expressed to be¡X
(i) governed by the laws of Hong Kong; and
(ii) issued for the purposes of section 23C(1); and
(c) insures such person, persons or classes of persons as may be specified in the policy in respect of any liability which may be incurred by him or them in respect of the death of or bodily injury to any person caused by or arising out of the use of local vessels in the waters of Hong Kong.

(a) interest, costs and expenses indemnified under the policy; and
(b) other costs and expenses incurred by the insured and recoverable from the insurer under the policy.

(a) liability in respect of the death of or bodily injury to any person in the employment of a person insured by the policy which arises out of and in the course of the first mentioned person¡¦s employment;
(b) any contractual liability; or
(c) any liability in respect of any one accident or series of accidents arising out of the same event exceeding such amount as shall be specified by the Director under any regulation made under section 89.