Statements of premium incomeU.K.
[F14(1)The Secretary of State may by notice in writing require an authorised insurance company to send him a statement of—
(a)any income of the company for the year preceding that in which the notice is received by the company which is income liable to the general business levy, and
(b)any income of the company for that year which is income liable to the long term business levy.
(2)An authorised insurance company which receives a notice under this paragraph shall send the statement required by the notice to the Secretary of State within three months of receiving the notice.
(3)Where an authorised insurance company is required under this paragraph to send a statement to the Secretary of State in respect of income of both descriptions mentioned in sub-paragraph (1)(a) and (b) above it shall send a separate statement in respect of income of each description.]
Textual Amendments
F1Sch. 3 para. 4 substituted by Companies Act 1989 (c. 40, SIF 27), s. 210(2)
Prospective
[F24AIn the application of this Schedule to a friendly society—
(a)paragraph 4 above shall have effect with the substitution for any reference to the [F3Treasury] of a reference to the Commission; and
(b)paragraph 9 below shall be omitted.]
Textual Amendments
F2Sch. 3 para. 4A inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 19(1) (with ss. 7(5), 93(4))
F3Word in Sch. 3 para. 4A(a) substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II para. 98, 99 (with art. 7)
[F104AIn the application of this Schedule to a friendly society—
(a)paragraph 4 above shall have effect with the substitution for any reference to the Secretary of State of a reference to the Commission; and
(b)paragraph 9 below shall be omitted.]
Textual Amendments
F10Sch. 3 para. 4A inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 19(1) (with ss. 7(5), 93(4))
Prospective
[F44B(1)Any person who causes or permits to be included in a statement sent to the Commission under paragraph 4 above as applied by this paragraph any information which he knows to be false in a material particular or recklessly causes or permits to be so included any information which is false in a material particular shall be guilty of an offence and liable—
(a)on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or to both;
(b)on summary conviction, to a fine not exceeding the statutory maximum.
(2)Any friendly society which makes default in complying with paragraph 4 above as so applied shall be guilty of an offence and liable, on summary conviction, to a fine not exceeding level 5 on the standard scale.]
Textual Amendments
F4Sch. 3 para. 4B inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 19(1) (with ss. 7(5), 93(4))
5(1)Any person who causes or permits to be included in a statement sent to the Secretary of State under paragraph 4 above any information which he knows to be false in a material particular or recklessly causes or permits to be so included any information which is false in a material particular shall be guilty of an offence and liable—
(a)on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or to both;
(b)on summary conviction, to a fine not exceeding £400.
(2)Any insurance company which makes default in complying with paragraph 4 above shall be guilty of an offence and liable, on summary conviction, to a fine not exceeding [F5level 5 on the standard scale].
(3)[F6Sections 37(2)(b)(i) and 54(1)(b) of the Insurance Companies Act 1982] (failure to satisfy an obligation under that Act to be a ground for the exercise by the Secretary of State of certain powers in relation to an insurance company) shall have effect in relation to [F7an obligation imposed on an insurance company under paragraph 4] above as they have effect in relation to obligations imposed on an insurance company under that Act.
(4)[F8Sections 91 to 94 of the Insurance Companies Act 1982] shall apply in relation to an offence committed or alleged to have been committed under this paragraph as they apply in relation to an offence committed or alleged to have been committed under that Act.
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9
Textual Amendments
F5Words substituted by (E.W.) Criminal Justice Act 1982 (c. 48, SIF 39:1), ss. 38, 46, (S.) Criminal Procedure (Scotland) Act 1975 (c. 21, SIF 39:1), ss. 289F, 289G and (N.I.) S.I. 1984/703 (N.I. 3), arts. 5, 6
F6Words substituted by Insurance Companies Act 1982 (c. 50, SIF 67), s. 99(2), Sch. 5 para. 16(e)
F7Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 210(3)
F8Words substituted by Insurance Companies Act 1982 (c. 50, SIF 67), s.99(2), Sch. 5 para. 16(f)