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Insurance Companies Act 1981 (repealed)

1981 c. 31 · Enacted 2 July 1981 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 3 July 2002.

Annotations to the whole text

Textual amendments

F1

Act repealed (3.7.2002) by S.I. 2002/1555, art. 10

Contents

  1. 1—29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  2. Part III: Miscellaneous and General
  3. 30—35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  4. 36Minor and consequential amendments and repeals.
  5. 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  6. 38Short title and extent.
  7. Schedule S 1—3.. . .
  8. Schedule 4: Minor and Consequential Amendments
  9. I. . .
  10. Part II: Other Amendments
  11. 17Paragraph 17
  12. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  13. 19Paragraph 19
  14. 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  15. 21Paragraph 21
  16. 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. 23Paragraph 23
  18. 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  19. 25Paragraph 25
  20. 26Paragraph 26
  21. 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  22. 28Paragraph 28
  23. 29Paragraph 29
  24. Schedule 5. . .

1—29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

30—35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

36Minor and consequential amendments and repeals.

C1(1)

Schedule 4 to this Act shall have effect.

(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

38Short title and extent.

(1)

This Act may be cited as the Insurance Companies Act 1981.

(2)

This Act extends to Northern Ireland.

Schedule S 1—3.. . .F1

I. . .F1

17

In section 20(2) of the M1 Insurance Companies Act 1958 for the words “the amount required by section 44 of the Insurance Companies Act 1974” there shall be substituted the words “£50,000”.

18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

19

In section 1(3)(b) of the M1 Employers’ Liability (Compulsory Insurance) Act 1969 for the words from “Great Britain” to “1974” there shall be substituted the words “the United Kingdom insurance business of a class specified in Schedule 1 or 2 to the Insurance Companies Act 1981”.

20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

21

In Article 5(3)(b) of the M1Employer’s Liability (Defective Equipment and Compulsory Insurance) (Northern Ireland) Order 1972 for the words from “Northern Ireland” to “1974” there shall be substituted the words “the United Kingdom insurance business of a class specified in Schedule 1 or 2 to the Insurance Companies Act 1981”.

22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

23

In section 87(1) of the M1 Solicitors Act 1974—

(a)

for the definition of “liability insurance business” there shall be substituted—

““liability insurance business” means insurance business within class 13 in Schedule 2 to the Insurance Companies Act 1981”

and

(b)

for the definition of “pecuniary loss insurance business” there shall be substituted—

““pecuniary loss insurance business” means insurance business within class 1, 2, 14, 15, 16 or 17 in Schedule 2 to the Insurance Companies Act 1981”.

24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

25

(1)

M1The Policyholders Protection Act 1975, shall be amended as follows.

(2)

In section 3(2) for the words from “permitted” to “1974” there shall be substituted the words “authorised under section 3 or 4 of the Insurance Companies Act 1981”.

(3)

In section 8(4), for the words from “not being” to the end there shall be substituted the words “other than class 5, 6, 7, 11 or 12, not being a contract of reinsurance”.

(4)

In subsections (1) and (3) of section 28 after the words “Insurance Companies Act 1974” there shall be inserted the words “the Insurance Companies Act 1981”.

(5)

In section 29 after the words “Insurance Companies Act 1974” there shall be inserted the words “or the Insurance Companies Act 1981”; and at the end there shall be added the words “or the said Act of 1981”.

26

In section 29(1) of the M1 Insurance Brokers (Registration) Act 1977—

(a)

in the definition of “authorised insurers” for the words “liability insurance business or pecuniary loss insurance business” there shall be substituted the words “insurance business of class 13 or of classes 1, 2, 14, 15, 16 and 17 in Schedule 2 to the Insurance Companies Act 1981”; and

(b)

in the definition of “insurance business” for the words from “of any” to “assurance business” there shall be substituted the words “other than industrial assurance business (within the meaning of section 1(2) of the Industrial Assurance Act 1923 or Articles 2(2) and 3(1) of the Industrial Assurance (Northern Ireland) Order 1979).”

27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

28

In Article 3(4) of the M1 Industrial Assurance (Northern Ireland) Order 1979—

(a)

for the words “Act 1974 and in particular to section 2(2) of that Act” there shall be substituted the words “Acts 1974 and 1981 and in particular to sections 2(3) and 3(2) of that Act of 1981”;

(b)

for the words “section 3 of that Act” there shall be substituted the words “section 3 of that Act of 1981”.

29

In Article 101(1) of the M1 Road Traffic (Northern Ireland) Order 1981—

(a)

for the words “in Northern Ireland a motor vehicle insurance business” there shall be substituted the words “insurance business within group 2 in Part II of Schedule 2 to the Insurance Companies Act 1981” and

(b)

for “1974” there shall be substituted “1981”.

Schedule 5. . .F1