# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 358: Payments by insurers

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

(1) Paragraph 5 of Schedule 1 to the Social Security (Recovery of Benefits) Act 1997 is amended as follows.
(2) The existing provision becomes sub-paragraph (1).
(3) In that sub-paragraph—
(a) for “insurance company within the meaning of the Insurance Companies Act 1982” substitute “insurer”; and
(b) for “the company” substitute “the insurer”.
(4) After that sub-paragraph, insert—
“(2) “Insurer” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance.
(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.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/358 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-358
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.