- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/02/1993)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 20/05/1993
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Insurance Companies Act 1982 (repealed), Section 75 is up to date with all changes known to be in force on or before 11 August 2024.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.
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(1)Subject to subsection (5) below, no insurance company to which Part II of this Act applies and no member of Lloyd’s shall enter into a contract the effecting of which constitutes the carrying on of ordinary long-term insurance business unless that company or member (“the insurer") either—
(a)has sent by post to the other party to the contract a statutory notice in relation to that contract; or
(b)does so at the time when the contract is entered into.
(2)For the purposes of this section a statutory notice is a notice which—
(a)contains such matters (and no others) and is in such form as may be prescribed for the purposes of this section and complies with such requirements (whether as to type, size, colour or disposition of lettering, quality or colour of paper, or otherwise) as may be prescribed for securing that the notice is easily legible; and
(b)has annexed to it a form of notice of cancellation of the prescribed description for use under section 76 below.
(3)The Secretary of State may, on the application of any insurer, alter the requirements of any regulations made for the purposes of subsection (2)(a) above so as to adapt those requirements to the circumstances of that insurer or to any particular kind of contract proposed to be entered into by that insurer.
(4)Any insurer who contravenes this section shall be guilty of an offence but, without prejudice to section 76(2) below, no contract shall be invalidated by reason of the fact that the insurer has contravened this section in relation to that contract.
(5)Subsection (1) of this section does not apply to any contract the effecting of which by the insurer constitutes the carrying on of industrial assurance business; and regulations may exempt from that subsection contracts of any other class or description.
(6)In sections 76 and 77 below “insurer” and “statutory notice” have the same meaning as in this section.
Modifications etc. (not altering text)
C1Ss. 75–77 restricted by Financial Services Act 1986 (c. 60, SIF 69), s. 129, Sch. 10 para. 5(3)(4)
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