Regulation 9 Interpretation

(1)

Part V of the 1982 Act (supplementary provisions) shall be amended as follows.

(2)

Renumber the section 94A inserted by the Insurance Companies (Amendment) Regulations 1990^f1 (law applicable to certain contracts of insurance) as section 94B and transpose that section and the section 94A inserted by the Insurance (Fees) Act 1985^f2.

(3)

In subsection (1) of section 96 (general interpretation)—

(a)

after the definition of “chief executive” insert—

““claims representative” means a person appointed by an insurance company in accordance with section 81CC above;”; and

(b)

after the definition of “ordinary long-term business” insert—

““parent undertaking” shall be construed in accordance with section 258 of the Companies Act 1985^f3 and Article 266 of the Companies (Northern Ireland) Order 1986^f4;”.

(4)

After subsection (1) of section 96A^f5 (interpretation of expressions derived from general insurance Directives) insert—

“(1A)

The Directives amending the general insurance Directives referred to in subsection (1) above include Council Directive 90/618/EEC amending, particularly as regards motor vehicle liability insurance, Directive 73/239/EEC and Directive 88/357/EEC.

(1B)

In this Act “the first long term insurance Directive” means Council Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of direct life assurance.”.

(5)

In subsection (1)(c) of section 96B^f6 (meaning of “large risks”), for the words “classes 8, 9, 13 and 16” substitute “classes 3, 8, 9, 10, 13 and 16”.

Annotations

Footnotes

f1: S.I. 1990/1333, reg. 6(1).
f2: 1985 c. 46.
f3: 1985 c. 6; section 258 was inserted by section 21 of the Companies Act 1989 (c. 40).
f4: S.I. 1986/1032 (N.I.6); Article 266 was inserted by Article 23 of the Companies (Northern Ireland) Order 1990 (S.I.1990/593 (N.I.5)).
f5: Section 96A was inserted by S.I. 1990/1333, reg. 2(1).
f6: Section 96B was inserted by S.I. 1990/1333, reg. 4.