# The Insurance Companies (Third Insurance Directives) Regulations 1994, Regulation 48: Lloyd’s underwriters

Extent: E+W+S+N.I.

(1) In section 83A of the 1982 Act (Lloyd’s underwriters: insurance Directives)—
(a) after the words “Secretary of State” insert the words “which are exercisable in relation to UK companies”; and
(b) for the words from “giving effect” to the end substitute the words
“which—
(a) gives effect to the general and long term insurance Directives; or
(b) is applicable to the insurance activities of Lloyd’s in that State”.
(2) In section 85 of that Act (Lloyd’s underwriters: transfers of business)—
(a) in subsection (1), for the words “sections 49 to 52 above” substitute the words “Schedule 2C to this Act”;
(b) in subsection (3), for the words “sections 49 and 50 or sections 51 and 52 above” substitute the words “the provisions of Part I or II of Schedule 2C to this Act” and for paragraph (a) substitute—
“(a) references to a ‘UK company’ included references to members of Lloyd's;”; and
(c) after subsection (3) insert—
“(4) Section 52A above shall apply as if the reference in subsection (1) to a UK company included a reference to members of Lloyd's.”

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Source: https://www.legislation.gov.uk/uksi/1994/1696/regulation/48 (the official version)
Page: https://openlegislation.uk/insurance-companies-third-insurance-directives-regulations-1994/regulation-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.