{
  "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2004/regulation-48",
  "json_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2004/regulation-48.json",
  "legislation": "uksi/2004/353",
  "legislation_title": "The Insurers (Reorganisation and Winding Up) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2004",
  "path": "regulation/48",
  "kind": "regulation",
  "number": "48",
  "heading": "Interpretation of this Part",
  "text": "(1) In this Part—\n(a) “relevant measure”, in relation to a third country insurer, means\n(i) a winding up;\n(ii) an administration order made under paragraph 13 of Schedule B1 or under paragraph 14 of Schedule B1 to the 1989 Order;\nor\n(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;\n(b) “third country insurer” means a person—\n(i) who has permission under the 2000 Act to effect or carry out contracts of insurance other than by virtue of regulation 8 or 11 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018; and\n(ii) whose head office is not in the United Kingdom ....\n(2) In paragraph (1), the definition of “third country insurer” must be read with—\n(a) section 22 of the 2000 Act;\n(b) any relevant order made under that section; and\n(c) Schedule 2 to that Act.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 48(1)(a)(ii) added (6.4.2007) by The Insurers (Reorganisation and Winding Up) (Amendment) Regulations 2007 (S.I. 2007/851), regs. 1, 2(17)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 48(1)(b)(i) inserted (31.12.2020) by The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 2(17)(a); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 48(1)(b)(ii) omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 2(17)(b); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/353/regulation/48",
    "retrieved_at": "2026-10-29T05:33:26.610160+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}