- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (20/05/1993)
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Insurance Companies Act 1982 (repealed)
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- Deddfau Cyhoeddus Cyffredinol y Deyrnas Unedig
- 1982 c. 50
- SCHEDULE 2F]
- PART II
- Powers of intervention
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- Dangos Graddfa Ddaearyddol(e.e. Lloegr, Cymru, Yr Alban aca Gogledd Iwerddon)
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Rhagor o Adnoddau
Changes over time for: Cross Heading: Powers of intervention
No versions valid at: 20/05/1993
Alternative versions:
- 01/07/1994- Amendment
- 20/05/1993
Point in time - 05/01/1998- Amendment
- 01/12/2001- Amendment
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Insurance Companies Act 1982 (repealed), Cross Heading: Powers of intervention is up to date with all changes known to be in force on or before 23 February 2025. 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.
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Yn ddilys o 01/07/1994
Powers of interventionU.K.
20(1)Where it appears to the Secretary of State that an EFTA company providing insurance in the United Kingdom has failed to comply with any provision of this Act, he may require it to take such steps as he may specify to comply with that provision.
(2)If the company fails to comply with a requirement under sub-paragraph (1) above, the Secretary of State shall notify the supervisory authority in the EEA State in which the establishment through which the insurance is provided is situated.
(3)If the company persists in contravening a provision which has been the subject of arequirement under sub-paragraph (1) above, the Secretary of State may, after informing that supervisory authority, direct the company to cease to provide insurance, or insurance of any specified description, in the United Kingdom.
(4)After giving such a direction, the Secretary of State shall by notice in writing inform the company of his reasons for doing so.
(5)A direction under this paragraph does not prevent the company from effecting a contract ofinsurance in pursuance of a term of a subsisting contract of insurance.
(6)A requirement or direction under this paragraph may be varied or revoked by the Secretary of State.
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