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Insurance Companies Act 1982 (repealed)

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Changes over time for: Section 96D

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Version Superseded: 01/12/2001

Alternative versions:

Status:

Point in time view as at 01/07/1994. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Section 96D is up to date with all changes known to be in force on or before 12 December 2024.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

[96DF1Meanings of 'manager’ and 'chief executive’.U.K.

(1)In this Act 'manager’—

(a)in relation to a UK company, means any person (other than an employee of the company) appointed by the company to manage any part of its business, or any employee of the company (other than a chief executive) who, under the immediate authority of a director or chief executive of the company—

(i)exercises managerial functions, or is responsible for maintaining accounts or other records of the company; and

(ii)is not a person whose functions relate exclusively to business conducted from a place of business which is not in a member State;

(b)in relation to an insurance company which is not a UK company, means an employee of the company (other than a chief executive) who, under the immediate authority of a director or chief executive of the company—

(i)exercises managerial functions, or is responsible for maintaining accounts or other records of the company; and

(ii)is not a person whose functions relate exclusively to business conducted from a place of business outside the United Kingdom.

(2)In this Act 'chief executive’, in relation to an insurance company or body corporate, means an employee of that company or body corporate, who, either alone or jointly with others, is responsible under the immediate authority of the directors for the conduct of the whole of the insurance business of that company or body corporate.]

Textual Amendments

F1S. 96D inserted (1.7.1994) by S.I. 1994/1696, reg. 53

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