Section 60 Restriction of carrying on insurance business.
England, Wales and Scotland
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No person shall carry on in the Isle of Man or any of the Channel Islands industrial assurance business except—
a company incorporated, whether under the M1Companies Act 1948 or otherwise, or a registered society; or
such a society as falls within paragraph (b) of the last foregoing subsection.
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Annotations
Textual amendments
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Ss. 58, 59, 60(1)(2) (4), 61—63, 67, 69, 70(1)(2), 71(1)(2), 72(1), 73, 74, 75(1), 76(1), 76(3), 77, 78, 79(1), 81, 84, 85(1), 88, 92—95, 98, 100, 101, 102(1), 104 repealed by Insurance Companies Act 1974 (c. 49), Sch. 2
Marginal citations
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Modifications
- C1
“Such a society as falls within [ s. 60 (2)(b)]” means a society registered under the Friendly Societies Act 1896(c. 25), being a friendly society within the meaning of that Act
Notes on the whole Act
Textual amendments
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Act repealed (1.12.2001) by 2001/3647, art. 5, Sch. 3 para. 8 (with art. 6)