Part IU.K. Restriction on Carrying on Insurance Business

OffencesU.K.

14 Offences under Part I.U.K.

(1)A person who carries on business in contravention of this Part of this Act shall be guilty of an offence.

(2)A person who for the purpose of obtaining the issue of an authorisation furnishes information which he knows to be false in a material particular or recklessly furnishes information which is false in a material particular shall be guilty of an offence.

(3)A person guilty of an offence under this section shall be liable—

(a)on conviction on indictment, to imprisonment for a term not exceeding two years, or to a fine, or to both;

(b)on summary conviction—

(i)in England and Wales . . . F1, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of section 32 of the M1Magistrates’ Courts Act 1980;

(ii)in Scotland, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of [F2section 255(8)of the Criminal Procedure (Scotland) Act 1995];

[F3(iii)in Northern Ireland, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of Article 4 of the Fines and Penalties (Northern Ireland) Order 1984.]

Textual Amendments

F2Words in s. 14(3)(b)(ii) substituted (1.4.1996) by 1995 C. 40, ss. 5, 7(2), Sch. 4 para. 45(2)

F3S. 14(3)(b)(iii) substituted for words by S.I. 1984/703 (N.I. 3), art. 19(1), Sch. 6 para. 30(b)

Marginal Citations