Duty on Documents and Transfers Act (Cap. 364), article 29

29. Any person who - (a) becomes an insurer upon an y insurance mentioned in the foregoing articles, or in the capacity of insurer enters into any contract for any such insurance, or directly or indirectly recei ves, or contracts or takes credit on account of any premium or consideration for 14 CAP. 364.] DUTY ON DOCUMENTS AND TRANSFERS any such insurance, or knowingly takes upon himself any risk or renders himself liable to pay, or pays, any sum of money upon any loss, peril or contingency relative to any such insurance, unless the insurance is expressed in a policy of insurance; or (b) in the capacity of insured, makes or effects or knowingly procures to be made or effected, any insurance under the foregoing articles, or directly or indirectly gives or pays, or renders himself liable to pay, any premium or consideration for any such insurance, or enters into any contract for any such insurance, unless the insura nce is expressed in a policy of insurance; or (c) is concerned in any fraudu lent contrivance or device, or is guilty of any wilful act, neglect or omission, with intent to evade the duties payable on policies of insurance, or whereby the duties may be evaded wholly or in part, shall for every such offence, be liable to a penalty of not les s than twenty-three euro (23) but not e xceeding two hundred and thirty euro (230). Liability to pay duty on policies of insurance. Amended by: L.N. 425 of 2007; VIII.2020.42.