Rule 20 Period of insurance
The cover afforded by the Association as set out in these Rules is for liabilities arising out of an event during the period of insurance.
The period of insurance shall commence at the time and date stated in the policy of insurance issued by the Association and shall continue until 1200 hours UTC (Universal Time, Co-ordinated) on 20 February and thereafter from policy year to policy year unless it has been terminated or has ceased in accordance with these Rules.
The policy year begins at 1200 hours UTC on any 20 February and continues until the same time on the next following 20 February.