As for insurance regulation, this has been changing over years, due to a reform of the law on boating (i.e. obligation of the insurance policy by all pleasure boats that have an engine on board (inboard or outboard, although auxiliary) of any power); insurance coverage shall also by performed by tenders.
The fiscal limit of the three horsepower, which precluded a compulsory insurance has been revoked.
The insurance coverage or premium shall be paid annually and its maturity is specified in the corresponding policy. The counterfoil of the certificate shall be visibly exposed.