{
  "url": "https://openlegislation.uk/insurance-companies-act-1982-repealed/schedule-SCHEDULE/2C/paragraph-10",
  "json_url": "https://openlegislation.uk/insurance-companies-act-1982-repealed/schedule-SCHEDULE/2C/paragraph-10.json",
  "legislation": "ukpga/1982/50",
  "legislation_title": "Insurance Companies Act 1982 (repealed)",
  "legislation_url": "https://openlegislation.uk/insurance-companies-act-1982-repealed",
  "path": "schedule/SCHEDULE/2C/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "(1) Subject to paragraph 9(2) above, an instrument giving effect to a transfer approved by the Treasury under this Part of this Schedule shall be effectual in law—\n(a) to transfer to the transferee all the transferor’s rights and obligations under the policies included in the instrument, and\n(b) if the instrument so provides, to secure the continuation by or against the transferee of any legal proceedings by or against the transferor which relate to those rights or obligations, notwithstanding the absence of any agreements or consents which would otherwise be necessary for it to be effectual in law for those purposes.\n(2) Where the transferor is a UK or non-EC company, it is immaterial for the purposes of sub-paragraph (1) above that the law applicable to any of the contracts of direct insurance included in the transfer is the law of an EEA State other than the United Kingdom.\n(3) Except in so far as the Treasury may otherwise direct, a policy holder whose policy is included in such an instrument shall not be bound by it unless he has been given written notice of its execution by the transferor or the transferee.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 2C para. 10 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 59 (with art. 7)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 2C para. 10 by S.I. 2001/3639, art. 6 (with art. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1982/50/schedule/SCHEDULE/2C/paragraph/10",
    "retrieved_at": "2026-10-29T10:10:47.436123+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}