contravenes or fails to comply with any of the provisions of the M1Industrial Assurance Act 1923, the M2Industrial Assurance and Friendly Societies Act 1948 or Part VI of the M3Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951, of regulations made for the purposes of section 8 of the said Act of 1948 or of regulations made under section 57 of the said Act of 1951;

(b)

contravenes or fails to comply with any directions given under the M4Industrial Assurance Act 1923 by the Industrial Assurance Commissioner;

(c)

contravenes the proviso to section 1(1) of the M5Industrial Assurance and Friendly Societies Act 1929 (which proviso limits the sums which may be insured or paid for funeral expenses);

(d)

fails to comply with a claim made in accordance with the provisions of subsection (1) of section 3 (rights of owners of certain endowment policies) of the last-mentioned Act; or

(e)

issues such a premium receipt book as is mentioned in subsection (3) of the last-mentioned section which does not comply with the provisions of that subsection;

shall, subject to the next following subsection, be guilty of an offence.

(2)

Such a company shall not be guilty of an offence under this section consisting in its insuring in contravention of subsection (2) of section 2 of the M6Industrial Assurance and Friendly Societies Act 1948 (power to insure life of parent or grandparent for not more than £30) if it is proved that, owing to any false representation on the part of the proposer, the company did not know that the insurance was in contravention of that sub-section.

(3)

A company guilty of an offence under this section shall be liable, on summary conviction, to a fine not exceeding £200.

(4)

So far as regards section 3(1) of the M7Industrial Assurance and Friendly Societies Act 1929, this section shall not prejudice any liability of a company subsisting otherwise than by virtue of this section.

87Penalty on friendly society for offence under Industrial Assurance Act 1923. E+W+S

The maximum penalty that may be inflicted on a society registered under the M1Friendly Societies Act 1896, being a friendly society within the meaning of that Act, for an offence under the M2Industrial Assurance Act 1923 committed after the passing of this Act shall, instead of being a fine not exceeding £100 or, in the case of a continuing offence, a fine not exceeding £50 a day during which the offence continues, be a fine not exceeding £200; and, accordingly, section 39(1) of the said Act of 1923 shall, in relation to an offence under that Act so committed by a society so registered, being such a friendly society as aforesaid, have effect with the substitution, for the proviso thereto, of the following proviso:—

“Provided that the maximum penalty that may be inflicted for an offence under this Act shall be a fine not exceeding £200”.

88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

89Criminal liability of directors, etc.C1 E+W+S

(1)

Where an offence under this Part of this Act committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any F1director, chief executive or manager (as defined in the M1Insurance Companies Act F21982), secretary or other similar officer of the body corporate or any person who was purporting to act in any such capacity, he, as well as the body corporate, shall be guilty of that offence and be liable to be proceeded against and punished accordingly.

(2)

For the purposes of the foregoing subsection, a person shall be deemed to be a director of a body corporate if he is a person in accordance with whose directions or instructions the directors of the body or any of them act.

90Summary proceedings.F1 E+W+S

(1)

Summary proceedings for an offence under this Part may (without prejudice to any jurisdiction exercisable apart from this subsection) be taken against a body corporate at any place at which the body has a place of business, and against any other person at any place at which he is for the time being.

(2)

Notwithstanding anything in section 127(1) of the Magistrates’ Courts Act 1980, an information relating to an offence under this Part which is triable by a magistrates’ court in England and Wales may be so tried if it is laid at any time within 3 years after the commission of the offence and within 12 months after the date on which evidence sufficient in the opinion of the Director of Public Prosecutions, the Secretary of State or the Industrial Assurance Commissioner (as the case may be) to justify the proceedings comes to his knowledge.

(3)

Summary proceedings in Scotland for an offence under this Part shall not be commenced after the expiration of 3 years from the commission of the offence.

Subject to this (and notwithstanding anything in section 331 of the Criminal Procedure (Scotland) Act 1975), such proceedings may (in Scotland) be commenced at any time within 12 months after the date on which evidence sufficient in the Lord Advocate’s opinion to justify the proceedings comes to his knowledge or, where such evidence was reported to him by the Secretary of State or the Industrial Assurance Commissioner, within 12 months after the date on which it came to the knowledge of the former or the latter (as the case may be); and subsection (3) of that section applies for the purpose of this subsection as it applies for the purposes of that section.

(4)

For purposes of this section, a certificate of the Director of Public Prosecutions, the Lord Advocate, the Secretary of State or the Industrial Assurance Commissioner (as the case may be) as to the date on which such evidence came to his knowledge is conclusive evidence.

91Restriction of institution of proceedings in respect of offences under Part II.C1 E+W+S

Proceedings in respect of an offence under this Part of this Act shall not, in England or Wales, be instituted except by, or with the consent of, the F1Treasury, the Industrial Assurance Commissioner or the Director of Public Prosecutions.

92—95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

96Power of Industrial Assurance Commissioner to exempt Northern Irish collecting societies from provisions of Industrial Assurance Acts 1923 to 1958. E+W+S

(1)

The Industrial Assurance Commissioner may, on the application of a collecting society registered in Northern Ireland, by order exempt it from any provision of the Industrial Assurance Acts 1923 to 1958 if he is satisfied that the existence of a provision of an enactment of the Parliament of Northern Ireland renders it unnecessary for the first-mentioned provision to apply to the society.

(2)

The Industrial Assurance Commissioner may by order revoke an order made under the foregoing subsection with respect to a society, but the revocation shall not take effect until—

(a)

such period as may be specified in the order (which shall not be less than the four weeks next after the making thereof) has expired; and

(b)

notice that the order has been made has been published in the London and Edinburgh Gazettes;

and where he does so he shall, within the three days next after doing so, give written notice to the society that he has done so.

97Construction (as to Northern Ireland) of certain references. E+W+S

In section . . . F1 87 of this Act and section 1(1A) of the M1Industrial Assurance Act 1923 references to the M2Friendly Societies Act 1896 shall include references to that Act as it applies in Northern Ireland and to any enactment of the Parliament of Northern Ireland re-enacting that Act (whether with or without modifications).

98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

99Amendments (of minor nature or consequential on Part II) of the principal Act and the Industrial Assurance Act 1923. E+W+S

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 the provisions of the M1Industrial Assurance Act 1923 specified in column 1 of Part II of that Schedule shall have effect subject to the amendments respectively specified in relation thereto in column 2 of that Part of that Schedule (being, in each case, amendments of a minor nature or consequential on this Part of this Act).

100, 101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

102Interpretation of Part II. E+W+S

(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(2)

In this Part of this Act, . . . F2“director” includes any person occupying the position of director, by whatever name called.

(3)

A person shall not be deemed to be within the meaning of any provision of this Part of this Act a person in accordance with whose directions or instructions the directors of a company or other body corporate or any of them are accustomed to act by reason only that the directors of the body act on advice given by him in a professional capacity.

(4)

References in this Part of this Act to a body corporate shall be construed as not including a corporation sole or a Scottish firm but as including a body incorporated outside Great Britain.

103. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

104. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

105, 106. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

107Northern Ireland. E+W+S

This Part of this Act, and Schedules 5 and 6 thereto, shall not extend to Northern Ireland.

108The Isle of Man and the Channel Islands. E+W+S

(1)

The provisions of this Act specified in subsection (3) below shall extend to the Isle of Man subject to such of the modifications specified in section 103 of the M1Friendly Societies Act 1896 as are relevant in the circumstances; and, notwithstanding anything in section 11 of the Petty Sessions and Summary Jurisdiction Act 1927 (an Act of Tynwald), a complaint relating to an offence under section 60 or 86 of this Act which is triable by a court of summary jurisdiction in the Isle of Man may be so tried if it is made at any time within three years after the commission of the offence and within twelve months after the date on which evidence sufficient in the opinion of the Attorney General of the Isle of Man to justify the proceedings comes to his knowledge, and for this purpose a certificate of the said Attorney General as to the date on which such evidence as aforesaid came to his knowledge shall be conclusive evidence.

(2)

The provisions of this Act specified in the following subsection shall extend to the Bailiwick of Jersey subject to such of the modifications specified in section 104(1) of the M2Friendly Societies Act 1896 as are relevant in the circumstances and to the Bailiwick of Guernsey subject to such of the modifications specified in section 104(2) of that Act as are so relevant.

(3)

The provisions of this Act referred to in subsections (1) and (2) above are the following, namely,—

(a)

subsection (3) of section 60 and subsection (4) thereof so far as it relates to carrying on business in contravention of the first-mentioned subsection;

(b)

sections 86 and 87;

(c)

section 89, so far as it relates to offences under subsection (4) of section 60 consisting in carrying on business in contravention of subsection (3) thereof and offences under section 86;

(d)

section 90, so far as it applies section 49(2) to offences specified in the last foregoing paragraph;

(e)

section 96. so far as it relates to the M3Industrial Assurance Act 1923;

(f)

section 97;

(g)

section 99 and Schedule 6, so far as they relate to the Industrial Assurance Act 1923;

(h)

section 100;

(i)

section 102(2), so far as it defines “registered society” and “director”, and section 102(3).

Companies Act 1967 (repealed)

Annotations to the whole text

Textual amendments

Contents

58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

60Restriction of carrying on insurance business. E+W+S

61—63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

70 E+W+S

71 E+W+S

72 E+W+S

73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

75 E+W+S

76 E+W+S

77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

79 E+W+S

80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1 E+W+S

85 E+W+S

86Penalty on industrial assurance company for noncompliance with enactments relating to industrial assurance. E+W+S