Paragraph 7
England, Wales and Scotland
In section 1 of the Insurance Companies Act 1958, after subsectin (5) insert as a new subsectin (5A) in place of that inserted by Schedule 8 to the 1971 Act the following—
“(5A)Where a trade union or an employers’ association carries on insurance business, this Act does not apply to it as an insurance company if the insurance business is limited to the provision for its members of provident benefits or strike benefits.
In this subsection “trade union” and “employers’ association” have the same meanings respectively as they have in the Trade Union and Labour Relations Act 1974.”
Notes on the whole Act
Textual amendments
- F1
Act repealed N.I. (16.7.1992) (E.W.S.) (16.10.1992) by Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52), ss. 300(1), 302, Sch.1.
Notes on Schedule 3
Modifications
- C1
The text of Sch. 3 (except para. 10(1)(7)) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
- C2
Sch. 3 extended (N.I.) (1.7.1992) by S.I. 1992/807 (N.I. 5), art. 67(2); S.R. 1992/212, art.2(3)