# The Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001, Article 2: Interpretation


In this Order—
“the Act” means the Financial Services and Markets Act 2000;
“the 1923 Act” means the Industrial Assurance Act 1923;
“the 1948 Act” means the Industrial Assurance and Friendly Societies Act 1948;
“commencement” means the beginning of 1st December 2001;
“existing policy” means—
(a) a policy effected before commencement in the course of industrial assurance business under which there is an existing liability already accrued or a liability may accrue, or
(b) a policy effected after commencement pursuant to a proposal form completed before commencement for a policy of assurance to which the Industrial Assurance Acts or the Northern Ireland Order would, but for their repeal, have applied;
“the Industrial Assurance Acts” means the 1923 Act and the 1948 Act;
“industrial assurance business” means business which, immediately before commencement, fell within section 1(2) of the 1923 Act and which consists, after commencement, of carrying out existing policies;
“the Northern Ireland Order” means the Industrial Assurance (Northern Ireland) Order 1979; and
“policyholder” has the meaning given in article 3 of the Financial Services and Markets Act 2000 (Meaning of “Policy” and “Policyholder”) Order 2001.

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Source: https://www.legislation.gov.uk/uksi/2001/3647/article/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-savings-industrial-assurance-order-2001/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.