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(1)None of the following instruments shall . . . F1 be inadmissible in evidence by reason only that it is not embodied in a marine policy in accordance with the M1Marine Insurance Act 1906, that is to say:—
(a)an agreement for re-insurance made in pursuance of section one of this Act between the [F2Board] and any other authority or person, and a policy of re-insurance issued by the [F2Board] in pursuance of such an agreement;
(b)an agreement entered into by a body to which this paragraph applies, being an agreement for the re-insurance of a risk insured by another person which may be again re-insured by the [F2Board], and a policy issued in pursuance of such an agreement, being a policy for the re-insurance only of such a risk as aforesaid;
(c)a contract of insurance entered into by the [F2Board] in exercise of the powers conferred on him by section two of this Act, and a policy of insurance and a certificate of insurance issued by the [F2Board] in connection with any such contract.
(2), (3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(4)Paragraph (b) of subsection (1) of this section applies to any body of persons for the time being approved for the purposes of this Act by the [F4Board], being a body the objects of which are or include the carrying on of business by way of the re-insurance of risks which may be re-insured under any agreement for the purpose mentioned in paragraph (b) of subsection (1) of section one of this Act.
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