# Insurance Companies Act 1982 (repealed), Section 6: Combination of long term and general business.

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

The Treasuryshall not under section 3 above authorise a body to carry on both long term business and general business unless—
(a) the long term business is restricted to reinsurance; or
(b) the body is at the time the authorisation is issued already lawfully carrying on in the United Kingdom, otherwise than under paragraph (c) below, both long term business and general business (in neither case restricted to reinsurance); or
(c) in the case of a body which is a UK company, the general business is restricted to Group 1 of Part II to Schedule 2 to this Act (accident and health) or to any class or part of a class of insurance within that group.

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Source: https://www.legislation.gov.uk/ukpga/1982/50/section/6 (the official version)
Page: https://openlegislation.uk/insurance-companies-act-1982-repealed/section-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.