# The Insurance Companies (Third Insurance Directives) Regulations 1994, Regulation 49: Applicable law

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

In paragraph 1 of Schedule 3A to the 1982 Act (law applicable to certain contracts of insurance), for sub-paragraph (6) substitute—
“(6) Where the risk—
(a) is situated in an EFTA state and falls within class 4, 5, 6, 7, 11 or 12 of Part I of Schedule 2 to this Act; or
(b) is situated in a member State and is a large risk,
the parties to the contract may choose any law.
(7) Where the risk is situated in a member State which has implemented the transitional provisions in Article 27 of the second general insurance Directive, the meaning of ‘large risk’ for the purposes of sub-paragraph (6) above shall be determined in accordance with the law applicable in that State.”

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Source: https://www.legislation.gov.uk/uksi/1994/1696/regulation/49 (the official version)
Page: https://openlegislation.uk/insurance-companies-third-insurance-directives-regulations-1994/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.