# Insurance Companies Act 1982 (repealed), Paragraph 8

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

The insurance company shall not be regarded as conducting its business in a sound and prudent manner if—
(a) it fails to satisfy an obligation to which it is subject by virtue of this Act; or
(b) in the case of a UK company, it fails to satisfy an obligation to which it is subject by virtue of any provision of the law of another EEA State which applies to its insurance business in that State.

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Source: https://www.legislation.gov.uk/ukpga/1982/50/schedule/2A/paragraph/8 (the official version)
Page: https://openlegislation.uk/insurance-companies-act-1982-repealed/schedule-2A/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.