Paragraph 6

United Kingdom

F1(1)

The provisions of this Schedule which relate to long term business shall apply, with necessary modifications, F2to business which consists of effecting or carrying out relevant contracts of general insurance which —

(a)

is transacted exclusively or principally according to the technical principles of long term business, and

(b)

is a significant amount of the business of the company.

F3(2)

For the purposes of paragraph (1), a contract of general insurance is a relevant contract if the risk insured against relates to—

(a)

accident; or

(b)

sickness.

(3)

Sub-paragraph (2) must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.

Annotations

Textual amendments

F1: Sch. 9A Pt. I para. 6 renumbered (1.12.2001) as para. 6(1) by S.I. 2001/3649, art. 36(1)(2)(a)
F2: Words in Sch. 9A Pt. I para. 6(1) substituted (1.12.2001) by S.I. 2001/3649, art. 36(1)(2)(b)
F3: Sch. 9A Pt. I para. 6(2)(3) inserted (1.12.2001) by S.I. 2001/3649, art. 36(1)(2)(c)

Notes on Schedule 9A

Textual amendments

F1: Sch. 9A repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)
F2: Sch. 9A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 4, 6, 7, Sch. 1