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The Serbia and Montenegro (United Nations Sanctions) Order 1992

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Insurance of aircraft

8.—(1) This article applies to any contract of insurance, other than a contract of re-insurance, upon aircraft of Serbia or Montenegro or upon the machinery, tackle, furniture or equipment of such an aircraft.

(2) Except under the authority of a licence granted by the Secretary of State under this article:

(a)no person shall make payment in full or partial settlement of any claim under a contract of insurance to which this article applies, unless the claim is in respect of an incident occurring before the Coming into force of this Order;

(b)no person shall effect any new contract of insurance, or agree to any variation or extension of any existing contract of insurance, to which this article applies.

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