# The Insurers (Reorganisation and Winding Up) Regulations 2003, Regulation 48: Interpretation of this Part


(1) In this Part—
(a) “relevant measure”, in relation to a third country insurer, means—
(i) a winding up;
(ii) an administration order made under section 8 of the 1986 Act or Article 21 of the 1989 Order; or
(iii) a decision of the court to reduce the value of one or more of the insurer’s contracts, in accordance with section 377 of the 2000 Act.
(b) “third country insurer” means a person—
(i) who has permission under the that Act to effect or carry out contracts of insurance; and
(ii) whose head office is not in the United Kingdom or an EEA State.
(2) In paragraph (1), the definition of “third country insurer” must be read with—
(a) section 22 of the 2000 Act;
(b) any relevant order made under that section; and
(c) Schedule 2 to that Act.

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Source: https://www.legislation.gov.uk/uksi/2003/1102/regulation/48 (the official version)
Page: https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003/regulation-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.