SCHEDULES

F2C1SCHEDULE 2G RECOGNITION IN OTHER EEA STATES OF UK INSURERS

Annotations:
Amendments (Textual)
F2

Sch. 2G inserted (1.7.1994) by S.I. 1994/1696, reg. 46(2), Sch. 7

Modifications etc. (not altering text)
C1

Sch. 2G: Power to contract out functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 61

PART IUK INSURERS CARRYING ON BUSINESS ETC. IN OTHER MEMBER STATES

Requirement to notify cessation of insurance business etc.

8

1

A UK insurer which has ceased—

a

to carry on direct insurance business through a branch in a member State other than the United Kingdom; or

b

to provide insurance in such a member State,

shall as soon as practicable notify the F3Treasury in writing that it has done so.

2

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