# The Insurers (Reorganisation and Winding Up) Regulations 2004, Regulation 48: Interpretation of this Part

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

(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 paragraph 13 of Schedule B1 or under paragraph 14 of Schedule B1 to 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 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
(ii) whose head office is not in the United Kingdom ....
(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/2004/353/regulation/48 (the official version)
Page: https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2004/regulation-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.