# The Insurance Companies Regulations 1994, Regulation 32: Exclusions from regulations 27 to 31


(1) Nothing in regulations 27 to 31 above shall apply to—
(a) insurance business carried on by a UK company outside the European Community; or
(b) insurance business carried on by any other company to which Part II of the Act applies outside the United Kingdom; or
(c) reinsurance business (unless it is facultative reinsurance written by an insurance company who also carries on insurance business that is not reinsurance).
(2) Nothing in regulation 31 above shall apply to insurance business of groups 3 and 4 (within the meaning of Part II of Schedule 2 to the Act).

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Source: https://www.legislation.gov.uk/uksi/1994/1516/regulation/32 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.