Section 18 Miscellaneous.

In section 32 of the 1975 Act, in subsection (1), at the appropriate places in alphabetical order, there shall be inserted—

““authorised friendly society” means a society authorised under section 32 of the M1Friendly Societies Act 1992 to carry on in the United Kingdom insurance business such as is mentioned in section 31 of that Act;”

““EC company” and “EEA State” have the same meanings as in the M2Insurance Companies Act 1982;”

““establishment” has the same meaning as in the Insurance Companies Act 1982;”.

In that section, after subsection (2C) there shall be inserted—

“(2D)

For the purposes of this Act—

(a)

a company shall be taken to provide general insurance in the United Kingdom if it covers (otherwise than by reinsurance) a risk situated there through an establishment in another EEA State, and

(b)

a company shall be taken to provide long term insurance in the United Kingdom if it covers (otherwise than by reinsurance) a commitment situated there through an establishment in another EEA State.”