{
  "url": "https://openlegislation.uk/insurance-companies-overseas-life-assurance-business-compliance-amendment-regulations-2000/note",
  "json_url": "https://openlegislation.uk/insurance-companies-overseas-life-assurance-business-compliance-amendment-regulations-2000/note.json",
  "legislation": "uksi/2000/2104",
  "legislation_title": "The Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 2000",
  "legislation_url": "https://openlegislation.uk/insurance-companies-overseas-life-assurance-business-compliance-amendment-regulations-2000",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Insurance Companies (Overseas Life Assurance Business) (Compliance) Regulations 1995 (S.I. 1995/3237) (“the principal Regulations”). The majority of the amendments are either in consequence of the amendment of section 431D of the Income and Corporation Taxes Act 1988 (c. 1) (“section 431D”) by section 108 of the Finance Act 2000 (c. 17) or are of a drafting nature.\nAs amended, subsection (1) of section 431D defines “overseas life assurance business” by reference to business excluded by regulations made by the Commissioners of Inland Revenue. The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000 (S.I. 2000/2089) have been made under subsection (1) of section 431D.\nRegulation 1 provides for citation, commencement and effect. Certain of these Regulations have retrospective effect in accordance with paragraph 58 of Schedule 8 to the Finance Act 1995 (c. 4).\nRegulation 2 provides for interpretation.\nRegulation 3 inserts various definitions in regulation 2 of the principal Regulations (interpretation).\nRegulation 4 amends regulation 5 of the principal Regulations (business other than reinsurance business effected by a company resident in the United Kingdom outside the United Kingdom).\nRegulation 5 amends regulation 7 of the principal Regulations (business other than reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company—policies or contracts made on or after 1st January 1996).\nRegulation 6 amends regulation 7A of the principal Regulations (business other than reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company—policy holder not within regulation 7).\nRegulation 7 amends regulation 8 of the principal Regulations (certain business other than reinsurance business where the company comes into possession of addition information).\nRegulation 8 amends regulation 9 of the principal Regulations (reinsurance of business effected by a company resident in the United Kingdom outside the United Kingdom).\nRegulation 9 amends regulation 10 of the principal Regulations (reinsurance of business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company).\nRegulation 10 amends regulation 10A of the principal Regulations (reinsurance of business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company—policy holder not within regulation 7).\nRegulation 11 amends regulation 11 of the principal Regulations (certain reinsurance business where the company comes into possession of additional information).\nRegulation 12 amends regulation 12 of the principal Regulations (general).\nRegulation 13 amends regulation 14 of the principal Regulations (business other than reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company). The amendment adds a new rule for determining the territory in which the policy holder was residing at the time the policy was made or transferred where the policy is for term assurance business.\nRegulation 14 amends regulation 14A of the principal Regulations (business other than reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company—policy holder not within regulation 7).\nRegulation 15 amends regulation 16 of the principal Regulations (reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company). The amendment corresponds to that made by regulation 13.\nRegulation 16 amends regulation 16A of the principal Regulations (reinsurance business effected either by a company resident in the United Kingdom otherwise than outside the United Kingdom or by an overseas life insurance company—policy holder not within regulation 7). The amendment corresponds to that made by regulation 14.\nRegulation 17 amends regulation 18 of the principal Regulations (reclassification of policy or contract from date when it was effected).\nRegulation 18 amends regulation 18A of the principal Regulations (reclassification of policy or contract as relating to overseas life assurance business from date when it was made or transferred).\nRegulation 19 amends regulation 19 of the principal Regulations (reclassification of policy or contract from date after it was effected).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/2104/note",
    "retrieved_at": "2026-10-29T08:55:02.217887+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}