http://www.legislation.gov.uk/ukpga/1982/50/schedule/2F/part/II/1993-05-20Insurance Companies Act 1982 (repealed)An Act to consolidate the Insurance Companies Acts 1974 and 1981.1982-11-01texttext/xmlenStatute Law Database2011-05-271993-05-20 SCHEDULESSCHEDULE 2F] RECOGNITION IN THE UNITED KINGDOM OF EC AND EFTA COMPANIESPART IIEFTA COMPANIES PROVIDING INSURANCE IN UNITED KINGDOM Documents to be furnished to the Secretary of State18(1)

An EFTA company which intends to provide insurance in the United Kingdom shall send to the Secretary of State—

(a)

a certificate, issued by the supervisory authority in the EFTA State in which the company’s head office is situated, which attests—

(i)

that the company possesses for its activities as a whole the minimum solvency margin calculated in accordance with the relevant provisions; and

(ii)

that the company’s authorisation in accordance with Article 7(1) of the relevant Directive enables the company to operate outside the EEA State in which the establishment through which the insurance will be provided is situated (“the EEA State of establishment");

(b)

a certificate, issued by the supervisory authority in the EEA State of establishment, which—

(i)

indicates the classes of insurance business which the company has been authorised to undertake through that establishment;

(ii)

states that the authority does not object to the company providing insurance in the United Kingdom; and

(iii)

where the company intends to provide long term insurance in the United Kingdom, confirms that all the commitments which the company intends to cover fall within the classes of insurance business which the company has been authorised to undertake through that establishment;

(c)

a statement by the company of the nature of the risks or commitments which it proposes to cover in the United Kingdom;

(d)

a notice stating the address of the company for the purpose of service of documents under this Schedule; and

(e)

in the case of a company which intends to provide insurance to cover relevant motor vehicle risks—

(i)

a notice stating the name and address of the claims representative; and

(ii)

a declaration that the company has become a member of the Motor Insurers’ Bureau (being a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946);

and the company shall not provide insurance in the United Kingdom before the date certified as that on which those documents were received by the Secretary of State.

(2)

Where an EFTA company wishes to provide insurance in the United Kingdom in respect of risks or commitments other than those mentioned in the statement given in accordance with sub-paragraph (1)(c) above, it shall give written notice to the Secretary of State amending that statement; and it shall not provide insurance in the United Kingdom in respect of such risks or commitments before the date certified as that on which written notice of the amendment was received by the Secretary of State.

(3)

An EFTA company providing insurance in the United Kingdom shall notify the Secretary of State in writing of—

(a)

any change of address of the company for the purpose of the service of documents; and

(b)

where it provides insurance to cover relevant motor vehicle risks, any change of name or address of the claims representative.

(4)

In sub-paragraph (1) above “the relevant Directive" and “the relevant provisions" mean respectively—

(a)

if the company intends to cover risks, the first general insurance Directive and Articles 16 and 17 of that Directive;

(b)

if the company intends to cover commitments, the first long term insurance Directive and Articles 18, 19 and 20 of that Directive.

(5)

Any insurance which is provided by the company participating in a Community co-insurance operation otherwise than as the leading insurer shall be disregarded for the purposes of this paragraph.

Additional requirements with respect to relevant motor vehicle risks19

An EFTA company shall not provide insurance in the United Kingdom to cover relevant motor vehicle risks unless—

(a)

it is a member of the Motor Insurers’ Bureau (being a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946); and

(b)

either it has appointed a claims representative or the insurance is provided by it participating in a Community co-insurance operation otherwise than as the leading insurer.

Powers of intervention20(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.

Power to require information21

The Secretary of State may, for the purpose of facilitating the exercise by him of his functions under paragraph 20 above, require an EFTA company providing insurance in the United Kingdom to furnish him, at specified times or intervals with information about such matters as he may specify being, if he so requires, information verified in a specified manner.

Withdrawal of authorisation22(1)

Where an EFTA company is providing insurance in the United Kingdom and the Secretary of State is notified by the supervisory authority in the EEA State in which the establishment through which the insurance is provided, or the company’s head office, is situated that the authorisation of the company has been withdrawn in accordance with—

(a)

Article 22 of the first general insurance Directive, or

(b)

Article 26 of the first long term insurance Directive,

he may direct the company to cease to provide insurance, or insurance of any specified description, in the United Kingdom through all, or any specified, establishments.

(2)

After giving such a direction, the Secretary of State shall by notice in writing inform thecompany of his reasons for doing so.

(3)

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.

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<dc:title>Insurance Companies Act 1982 (repealed)</dc:title>
<dc:description>An Act to consolidate the Insurance Companies Acts 1974 and 1981.</dc:description>
<dc:date>1982-11-01</dc:date>
<dc:type>text</dc:type>
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<heading> SCHEDULES</heading>
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<num>
<ins class="first" ukl:ChangeId="d30p49119">
<noteRef href="#c1484019" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
SCHEDULE 2F]
</ins>
</num>
<heading>
<ins class="last" ukl:ChangeId="d30p49119">
RECOGNITION IN THE UNITED KINGDOM OF
<abbr class="acronym" title="European Community">EC</abbr>
AND
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
COMPANIES
</ins>
</heading>
<part eId="schedule-2F-part-II" uk:target="true">
<num>PART II</num>
<heading>
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
COMPANIES PROVIDING INSURANCE IN UNITED KINGDOM
</heading>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2F-part-II-crossheading-documents-to-be-furnished-to-the-secretary-of-state">
<heading> Documents to be furnished to the Secretary of State</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e113">
<heading/>
<paragraph eId="schedule-2F-paragraph-18" class="schProv1">
<num>18</num>
<subparagraph eId="schedule-2F-paragraph-18-1">
<num>(1)</num>
<intro>
<p>
An
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company which intends to provide insurance in the United Kingdom shall send to the Secretary of State—
</p>
</intro>
<level class="para1" eId="schedule-2F-paragraph-18-1-a">
<num>(a)</num>
<intro>
<p>
a certificate, issued by the supervisory authority in the
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
State in which the company’s head office is situated, which attests—
</p>
</intro>
<level class="para2" eId="schedule-2F-paragraph-18-1-a-i">
<num>(i)</num>
<content>
<p>that the company possesses for its activities as a whole the minimum solvency margin calculated in accordance with the relevant provisions; and</p>
</content>
</level>
<level class="para2" eId="schedule-2F-paragraph-18-1-a-ii">
<num>(ii)</num>
<content>
<p>
that the company’s authorisation in accordance with Article 7(1) of the relevant Directive enables the company to operate outside the
<abbr class="acronym" title="European Economic Area">EEA</abbr>
State in which the establishment through which the insurance will be provided is situated (“the
<abbr class="acronym" title="European Economic Area">EEA</abbr>
State of establishment");
</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-1-b">
<num>(b)</num>
<intro>
<p>
a certificate, issued by the supervisory authority in the
<abbr class="acronym" title="European Economic Area">EEA</abbr>
State of establishment, which—
</p>
</intro>
<level class="para2" eId="schedule-2F-paragraph-18-1-b-i">
<num>(i)</num>
<content>
<p>indicates the classes of insurance business which the company has been authorised to undertake through that establishment;</p>
</content>
</level>
<level class="para2" eId="schedule-2F-paragraph-18-1-b-ii">
<num>(ii)</num>
<content>
<p>states that the authority does not object to the company providing insurance in the United Kingdom; and</p>
</content>
</level>
<level class="para2" eId="schedule-2F-paragraph-18-1-b-iii">
<num>(iii)</num>
<content>
<p>where the company intends to provide long term insurance in the United Kingdom, confirms that all the commitments which the company intends to cover fall within the classes of insurance business which the company has been authorised to undertake through that establishment;</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-1-c">
<num>(c)</num>
<content>
<p>a statement by the company of the nature of the risks or commitments which it proposes to cover in the United Kingdom;</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-1-d">
<num>(d)</num>
<content>
<p>a notice stating the address of the company for the purpose of service of documents under this Schedule; and</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-1-e">
<num>(e)</num>
<intro>
<p>in the case of a company which intends to provide insurance to cover relevant motor vehicle risks—</p>
</intro>
<level class="para2" eId="schedule-2F-paragraph-18-1-e-i">
<num>(i)</num>
<content>
<p>a notice stating the name and address of the claims representative; and</p>
</content>
</level>
<level class="para2" eId="schedule-2F-paragraph-18-1-e-ii">
<num>(ii)</num>
<content>
<p>a declaration that the company has become a member of the Motor Insurers’ Bureau (being a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946);</p>
</content>
</level>
<wrapUp>
<p>and the company shall not provide insurance in the United Kingdom before the date certified as that on which those documents were received by the Secretary of State.</p>
</wrapUp>
</level>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-18-2">
<num>(2)</num>
<content>
<p>
Where an
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company wishes to provide insurance in the United Kingdom in respect of risks or commitments other than those mentioned in the statement given in accordance with sub-paragraph (1)(c) above, it shall give written notice to the Secretary of State amending that statement; and it shall not provide insurance in the United Kingdom in respect of such risks or commitments before the date certified as that on which written notice of the amendment was received by the Secretary of State.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-18-3">
<num>(3)</num>
<intro>
<p>
An
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company providing insurance in the United Kingdom shall notify the Secretary of State in writing of—
</p>
</intro>
<level class="para1" eId="schedule-2F-paragraph-18-3-a">
<num>(a)</num>
<content>
<p>any change of address of the company for the purpose of the service of documents; and</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-3-b">
<num>(b)</num>
<content>
<p>where it provides insurance to cover relevant motor vehicle risks, any change of name or address of the claims representative.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-18-4">
<num>(4)</num>
<intro>
<p>In sub-paragraph (1) above “the relevant Directive" and “the relevant provisions" mean respectively—</p>
</intro>
<level class="para1" eId="schedule-2F-paragraph-18-4-a">
<num>(a)</num>
<content>
<p>if the company intends to cover risks, the first general insurance Directive and Articles 16 and 17 of that Directive;</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-18-4-b">
<num>(b)</num>
<content>
<p>if the company intends to cover commitments, the first long term insurance Directive and Articles 18, 19 and 20 of that Directive.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-18-5">
<num>(5)</num>
<content>
<p>Any insurance which is provided by the company participating in a Community co-insurance operation otherwise than as the leading insurer shall be disregarded for the purposes of this paragraph.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2F-part-II-crossheading-additional-requirements-with-respect-to-relevant-motor-vehicle-risks">
<heading> Additional requirements with respect to relevant motor vehicle risks</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e271">
<heading/>
<paragraph eId="schedule-2F-paragraph-19" class="schProv1">
<num>19</num>
<intro>
<p>
An
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company shall not provide insurance in the United Kingdom to cover relevant motor vehicle risks unless—
</p>
</intro>
<level class="para1" eId="schedule-2F-paragraph-19-a">
<num>(a)</num>
<content>
<p>it is a member of the Motor Insurers’ Bureau (being a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946); and</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-19-b">
<num>(b)</num>
<content>
<p>either it has appointed a claims representative or the insurance is provided by it participating in a Community co-insurance operation otherwise than as the leading insurer.</p>
</content>
</level>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2F-part-II-crossheading-powers-of-intervention">
<heading> Powers of intervention</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e297">
<heading/>
<paragraph eId="schedule-2F-paragraph-20" class="schProv1">
<num>20</num>
<subparagraph eId="schedule-2F-paragraph-20-1">
<num>(1)</num>
<content>
<p>
Where it appears to the Secretary of State that an
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
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.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-20-2">
<num>(2)</num>
<content>
<p>
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
<abbr class="acronym" title="European Economic Area">EEA</abbr>
State in which the establishment through which the insurance is provided is situated.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-20-3">
<num>(3)</num>
<content>
<p>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.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-20-4">
<num>(4)</num>
<content>
<p>After giving such a direction, the Secretary of State shall by notice in writing inform the company of his reasons for doing so.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-20-5">
<num>(5)</num>
<content>
<p>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.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-20-6">
<num>(6)</num>
<content>
<p>A requirement or direction under this paragraph may be varied or revoked by the Secretary of State.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2F-part-II-crossheading-power-to-require-information">
<heading> Power to require information</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e348">
<heading/>
<paragraph eId="schedule-2F-paragraph-21" class="schProv1">
<num>21</num>
<content>
<p>
The Secretary of State may, for the purpose of facilitating the exercise by him of his functions under paragraph 20 above, require an
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company providing insurance in the United Kingdom to furnish him, at specified times or intervals with information about such matters as he may specify being, if he so requires, information verified in a specified manner.
</p>
</content>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2F-part-II-crossheading-withdrawal-of-authorisation">
<heading> Withdrawal of authorisation</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e362">
<heading/>
<paragraph eId="schedule-2F-paragraph-22" class="schProv1">
<num>22</num>
<subparagraph eId="schedule-2F-paragraph-22-1">
<num>(1)</num>
<intro>
<p>
Where an
<abbr class="acronym" title="European Free Trade Area">EFTA</abbr>
company is providing insurance in the United Kingdom and the Secretary of State is notified by the supervisory authority in the
<abbr class="acronym" title="European Economic Area">EEA</abbr>
State in which the establishment through which the insurance is provided, or the company’s head office, is situated that the authorisation of the company has been withdrawn in accordance with—
</p>
</intro>
<level class="para1" eId="schedule-2F-paragraph-22-1-a">
<num>(a)</num>
<content>
<p>Article 22 of the first general insurance Directive, or</p>
</content>
</level>
<level class="para1" eId="schedule-2F-paragraph-22-1-b">
<num>(b)</num>
<content>
<p>Article 26 of the first long term insurance Directive,</p>
</content>
</level>
<wrapUp>
<p>he may direct the company to cease to provide insurance, or insurance of any specified description, in the United Kingdom through all, or any specified, establishments.</p>
</wrapUp>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-22-2">
<num>(2)</num>
<content>
<p>After giving such a direction, the Secretary of State shall by notice in writing inform thecompany of his reasons for doing so.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2F-paragraph-22-3">
<num>(3)</num>
<content>
<p>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.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
</part>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>