Section 94B Law applicable to certain contracts of insurance.F1
United Kingdom
The law applicable to a contract of insurance the effecting of which constitutes general business, and which covers risks situated in the United Kingdom or another member State, shall be determined in accordance with the provisions of F2Part I of Schedule 3A to this Act.
The law applicable to a contract of insurance to which Article 1 of the first long term insurance Directive applies shall be determined in accordance with the provisions of Part II of Schedule 3A to this Act if–
where the policy holder is an individual, he is habitually resident in a member State; or
where the policy holder is not an individual, the establishment of the policy holder to which the contract relates is situated in a member State.
Subsections (1) and (1A) above do not apply in relation to a contract of reinsurance.
Annotations
Textual amendments
- F1
S. 94A (inserted by the Insurance Companies (Amendment) Regulations 1990) renumbered as S. 94B by S.I. 1992/2890, reg. 9(2) and, by that reg. 9(2), that section and s. 94A (inserted by Insurance (Fees) Act 1985) are transposed.
- F2
Words in s. 94B inserted (20.5.1993) by S.I. 1993/174, reg. 5(2)
- F3
S. 94B(1A)(2) substituted for s. 94B(2) (20.5.1993) by S.I. 1993/174, reg. 5(3)
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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)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 Law applicable to certain contracts of insurance
Textual amendments
- F1
S. 94A and cross-heading inserted by S.I. 1990/1333, reg. 6(1)