# The Home Information Pack Regulations 2006, Paragraph 3: Existence of insurance and regulation of warranty provider


(1) Any liability of any type arising under a new homes warranty which complies with this Schedule must be the subject of a contract of insurance against such risk to be effected by and to be carried out by persons so authorised for the purposes of the Financial Services and Markets Act 2000.
(2) Where a warranty provider—
(a) effects the contract of insurance which is the subject of the new homes warranty;
(b) carries out such a contract;
(c) deals with such a contract as an agent;
(d) makes arrangements for another person (whether as principal or agent) to buy, sell, subscribe for or underwrite such a contract;
(e) makes arrangements with a view to a person who participates in such arrangements buying, selling, subscribing for or underwriting such a contract (whether as principal or agent);
(f) assists in the administration and performance of such a contract;
(g) advises a person (in that person’s capacity as a policy-holder or potential policy-holder) on the merits of such a contract; or
(h) agrees to carry out the activities specified in sub-paragraphs (a) to (g),
it must be authorised to do so under the Financial Services and Markets Act 2000.

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Source: https://www.legislation.gov.uk/uksi/2006/1503/schedule/6/paragraph/3 (the official version)
Page: https://openlegislation.uk/home-information-pack-regulations-2006/schedule-6/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.