The Insurance Companies (Amendment) Regulations 1994

Information for policy holders of UK insurers and EC companies

8.—(1) In paragraph 1(1) of Schedule 2E to the 1982 Act(1) (information for policy holders of UK insurers and EC companies), after the words “Subject to sub-paragraph (2)” insert the words “and paragraph 5”.

(2) At the beginning of paragraph 2(1) of that Schedule insert the words “Subject to paragraph 5 below,”.

(3) After paragraph 4 of that Schedule insert—

“General

5.— (1) In the case of a contract involving two or more other parties, this Schedule shall have effect as if a separate contract were being or had been entered into by the insurer with each of those parties.

(2) Paragraphs 1 and 2 of this Schedule shall not apply in relation to a contract unless the other party to the contract is habitually resident in the United Kingdom at the time when the contract is entered into.

(3) In this paragraph ‘other party’, in relation to a contract, means a party to the contract other than the insurer.”

(1)

Schedule 2E was inserted by S.I.1994/1696, reg.40 and Schedule 5.