Involvement of insurance companies with plans and accounts
22. In section 333B(9) (involvement of insurance companies with plans and accounts)(1) for the definition of “insurance company” substitute—
““insurance company” means an undertaking carrying on the business of effecting or carrying out contracts of insurance and, for the purposes of this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.
(1)
Section 333B was inserted by section 77 of the Finance Act 1998.