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Policyholders Protection Act 1975 (repealed)

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Point in time view as at 01/07/1994.

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[F1Notices under paragraphs 4 and 6]U.K.

8A notice under paragraph 4 or 6 above may be sent by post, and a letter containing such a notice shall be deemed to be properly addressed if it is addressed to the insurance company to which it is sent at its last known place of business in the United Kingdom.

Prospective

[F28A(1)The [F3Treasury] may by regulations made by statutory instrument—

(a)make provision for the purpose of securing, in relation to a company which at any time—

(i)is an insurance company to which this Act applies, and

(ii)does not have any business establishment or other fixed establishment in the United Kingdom,

that another person is the company’s levy representative at that time, and

(b)make provision with respect to the functions of a person who is a company’s levy representative under paragraph (a) above.

(2)Regulations under paragraph (b) of sub-paragraph (1) above may, in particular, impose on a person who is a company’s levy representative under paragraph (a) of that sub-paragraph obligations and liabilities relating to the company’s obligations and liabilities under this Schedule.

(3)Regulations under this paragraph may contain such supplementary, incidental and consequential provisions as the [F3Treasury] thinks fit.

(4)In sub-paragraph (2) above, references to obligations include obligations enforceable under the criminal law and references to liabilities include criminal penalties.]

Textual Amendments

F2Sch. 3 para. 8A inserted (prosp.) by 1997 c. 18, ss. 7(12), 23(3) (which insertion was repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(a))

[F48A(1)The Secretary of State may by regulations made by statutory instrument—

(a)make provision for the purpose of securing, in relation to a company which at any time—

(i)is an insurance company to which this Act applies, and

(ii)does not have any business establishment or other fixed establishment in the United Kingdom,

that another person is the company’s levy representative at that time, and

(b)make provision with respect to the functions of a person who is a company’s levy representative under paragraph (a) above.

(2)Regulations under paragraph (b) of sub-paragraph (1) above may, in particular, impose on a person who is a company’s levy representative under paragraph (a) of that sub-paragraph obligations and liabilities relating to the company’s obligations and liabilities under this Schedule.

(3)Regulations under this paragraph may contain such supplementary, incidental and consequential provisions as the Secretary of State thinks fit.

(4)In sub-paragraph (2) above, references to obligations include obligations enforceable under the criminal law and references to liabilities include criminal penalties.]

Textual Amendments

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