# Finance Act 1994, Section 70: Interpretation: taxable insurance contracts.

Extent: E+W+S+N.I.

(1) Subject to subsection (1A) below, any contract of insurance is a taxable insurance contract.
(1A) A contract is not a taxable insurance contract if it falls within one or more of the paragraphs of Part I of Schedule 7A to this Act.
(1B) Part II of Schedule 7A to this Act (interpretation of certain provisions of Part I) shall have effect.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(11) This section has effect subject to section 71 below.
(12) This section and section 71 below have effect for the purposes of this Part.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/section/70 (the official version)
Page: https://openlegislation.uk/finance-act-1994/section-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.