# Insurance Companies Act 1982 (repealed), Section 83A: Lloyd’s underwriters— insurance Directives.

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

The powers conferred on the Treasury orthe Secretary of State which are exercisable in relation to UK companies by sections 38 to 41, 44 and 45 above shall be exercisable in relation to the members of Lloyd’s if there is a failure by Lloyd’s to satisfy an obligation to which it is subject by virtue of any provision of the law of another member Statewhich—.
(a) gives effect to the general and long term insurance Directives; or
(b) is applicable to the insurance activities of Lloyd’s in that State

---
Source: https://www.legislation.gov.uk/ukpga/1982/50/section/83A (the official version)
Page: https://openlegislation.uk/insurance-companies-act-1982-repealed/section-83A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.