FENZ on a stop bank - Contract Works

FENZ on a stop bank - Contract Works
IBANZ Forum
QUESTION

The words stop bank don't appear in the Exemptions list, but they also don't appear to have been in the previous Exemptions list ,but no FENZ were charged on stop banks under a Contract Works policy.  It is dirt.  Is this still exempt? 


EXPERT ANSWER:  Stephanie Beswick - FENZ

As no exemption applies, then if the contract covers the risk of fire, levy is payable.



September 2026