Section 175A Insurer and long-term insurance businessF1

Northern Ireland

(1)

In this Act “insurer” means—

(a)

a person who has permission under F2Part 4A of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, F3...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

In this Act “long term insurance business” means business which consists of the effecting or carrying out of contracts of long-term insurance.

(3)

This section must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.

Annotations

F1: S. 175A inserted (1.12.2001) by S.I. 2001/3649, arts. 1, 137(1)
F2: Words in s. 175A(1)(a) substituted (1.3.2017) by The Bank of England and Financial Services (Consequential Amendments) Regulations 2017 (S.I. 2017/80), reg. 1, Sch. para. 9(c)
F3: S. 175A(1)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 2(7); 2020 c. 1, Sch. 5 para. 1(1)