Section 81G Notification to Secretary of State.F1

United Kingdom

(1)

Where an insurance company intends to provide insurance in a member State other than the United Kingdom and—

(a)

its head office is situated in the United Kingdom, or

(b)

the insurance is to be provided through an establishment in the United Kingdom,

it shall before doing so notify the Secretary of State of its intention.

(2)

The notification shall indicate—

(a)

the member State in which the insurance is to be provided,

(b)

the nature of the risks F2or commitmentswhich the company proposes to cover, and

(c)

where the company’s head office is situated in the United Kingdom, the member State in which the establishment through which the risks or commitmentswill be covered is situated.

(3)

Where the company intends to provide insurance in more than one member State, the information specified above may be contained in a single notification but must be set out separately in relation to each member State.

(4)

Where a company has duly notified the Secretary of State of its intention to provide insurance in another member State where administrative authorisation is required for the provision of insurance, then, if the original notification related—

(a)

only to risks or commitments in respect of which such authorisation is required, or

(b)

only to risks or commitments in respect of which such authorisation is not required,

and the company subsequently intends to extend its activities to risks or commitments falling within the other category, it shall before doing so comply with subsections (1) to (3) above in relation to those risks or commitments.

Annotations

Textual amendments

F1: S. 81B substituted for ss.81B-81J (1.7.1994) by S.I. 1994/1696, reg. 46(1)
F2: Words in s. 81G(2)(4) inserted (20.5.1993) by S.I. 1993/174, reg. 4(10)

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)

Notes on Part IIIA

Textual amendments

F1: Part III: S. 81A and Part heading substituted for s. 81A (1.7.1994) by S.I. 1994/1696, reg. 45(1)

Notes on Provision of insurance in another member State

Textual amendments

F1: Pt. IIIA (ss. 81A–81J) inserted by S.I. 1990/1333, reg. 10