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Insurance Companies Act 1982 (repealed)

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Changes over time for: Section 63A

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Version Superseded: 01/07/1994

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Status:

Point in time view as at 19/11/1992. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Section 63A is up to date with all changes known to be in force on or before 19 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[63AF1Duty to notify change of controlU.K.

(1)A person resident or having its head office in a country or territory other than a member State who becomes the parent undertaking of an insurance company—

(a)which has its head office in the United Kingdom; and

(b)to which this Part of this Act applies,

shall before the expiration of the period of fourteen days beginning with the day next following that on which he becomes the parent undertaking notify the Secretary of State in writing of that fact.

(2)Subsection (1) above shall not apply if the insurance company concerned—

(a)is required to give notice to the Secretary of State in accordance with section 62(2) above; or

(b)is not authorised to carry on in any member State any insurance business other than reinsurance business.]

Textual Amendments

F1S. 63A inserted (19.11.1992) by S.I. 1992/2890, reg.5

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