Article 53 Meaning of “relevant insurer”

(1)

The Industrial Assurance (Northern Ireland) Order 1979 (as that Order has effect, notwithstanding its revocation^f1, by virtue of the Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001^f2) is amended as follows.

(2)

In paragraph (2) of Article 2 (interpretation)^f3, after the definition of “Registrar” insert—

““relevant insurer” means a person, whether incorporated or not, who carried on industrial assurance business before 1st December 2001;”.

(3)

In Article 20 (illegal policies), in paragraph (1)^f4 for “entitled” (in the second place it occurs) substitute “liable”.

Annotations

Footnotes

f1: The Industrial Assurance (Northern Ireland) Order 1979 was revoked by section 416(2) of the Financial Services and Markets Act 2000 (c. 8) as from 1st December 2001.
f2: S.I. 2001/3647, article 3(3), Schedule 1, Part IV, paragraphs 37 to 58.
f3: Article 2 is saved with modifications by S.I. 2001/3647, Schedule 1, Part IV, paragraph 38.
f4: Paragraph (1) of Article 20, as it has effect from 1st December 2001, was substituted by S.I. 2001/3647, Schedule 1, Part IV, paragraph 35.