Section 81J Offences under Part IIIA.F1

United Kingdom

(1)

An insurance company commits an offence if it—

(a)

provides insurance in the United Kingdom in contravention of section 81B, or

(b)

makes default in complying with, or with a requirement imposed under, any other provision of this Part.

(2)

A person commits an offence if—

(a)

in purported compliance with a requirement under section 81E he furnishes information which he knows to be false in a material particular or recklessly furnishes information which is false in a material particular, or

(b)

he causes or permits to be included in—

(i)

a document required by section 81B to be sent to the Secretary of State, or

(ii)

a notification sent to the Secretary of State under section 81G,

a statement which he knows to be false in a material particular or recklessly causes or permits to be so included a statement which is false in a material particular.

(3)

A person committing an offence under this section is liable on summary conviction to a fine not exceeding level 5 on the standard scale.

Annotations

Textual amendments

F1: S. 81B substituted for ss. 81B-81J (1.7.1994) by S.I. 1994/1696, reg. 46(1)

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F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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

Textual amendments

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