# The Insurance Companies Regulations 1994, Regulation 78: Default in complying with regulation 76(1)


A UK or non-EC company commits an offence if it makes default in complying with regulation 76(1) above and is liable, on summary conviction in England and Wales and Scotland, to a fine not exceeding level 5 on the standard scale and, on summary conviction in Northern Ireland, to a fine not exceeding £2,000.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/regulation/78 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/regulation-78
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.