# Insurance Companies Act 1982 (repealed), Paragraph 9

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

The insurance company shall not be regarded as conducting its business in a sound and prudent manner if it fails to supervise the activities of a subsidiary undertaking—
(a) with due care and diligence; and
(b) without detriment to the company’s business.

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Source: https://www.legislation.gov.uk/ukpga/1982/50/schedule/2A/paragraph/9 (the official version)
Page: https://openlegislation.uk/insurance-companies-act-1982-repealed/schedule-2A/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.