# The Insurance Companies Regulations 1994, Regulation 41: Notice of long-term contract


(1) Subject to the following provisions of this regulation—
(a) a statutory notice in relation to a long-term contract which is not an investment agreement shall have the contents and be in the form set out in Schedule 7;
(b) a statutory notice in relation to a long-term contract which is an investment agreement shall have the contents and be in the form set out in Schedule 8; and
(c) the notice of cancellation annexed to a statutory notice shall have the contents and be in the form set out in Schedule 9.
(2) A statutory notice shall be printed on a single sheet of paper.
(3) The lettering of statutory notices and notices of cancellation shall be easily legible; and capital letters and figures shall be used in all the places in which they are shown in the form as set out in each Schedule.
(4) In statutory notices the lettering of the words “IMPORTANT! YOU SHOULD READ THIS CAREFULLY” shall be set out in larger printing than all other lettering and in bolder printing than all other lettering except that of main headings and sub-headings.
(5) In statutory notices and notices of cancellation the lettering of all main headings and sub-headings shall be set out in bolder printing than all other lettering except (in the case of a statutory notice) that of the words “IMPORTANT! YOU SHOULD READ THIS CAREFULLY”.
(6) In statutory notices and notices of cancellation there shall be substituted for words contained within square brackets in the appropriate Schedule and for the square brackets containing them the information or wording which, as indicated by those words, should be inserted there.
(7) For the purposes of this regulation and Schedules 7, 8 and 9—
“EC contract” has the same meaning as in section 75(5B) of the Act;
“investment agreement” has the same meaning as in section 44(9) of the Financial Services Act 1986;
“long-term contract” means a contract for long-term insurance;
“non-EC contract” has the same meaning as in section 75(5B) of the Act;
“notice of cancellation” means a notice of the kind mentioned in section 75(2)(b) of the Act;
“statutory notice” means a notice of the kind mentioned in section 75(2) of the Act;
and in the paragraphs in the forms set out in Schedules 7 and 8 headed “Your right to withdraw from the transaction” the description or title of the person to whom the notice of cancellation should be sent may be substituted for or included with the name of that person.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/regulation/41 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/regulation-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.