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Insurance Companies Act 1982 (repealed)

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Status:

Point in time view as at 20/05/1993. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Section 4 is up to date with all changes known to be in force on or before 06 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

4 Existing insurance companies.U.K.

(1)A body that was, immediately before the commencement of this Act, authorised under section 3 or 4 of the M1Insurance Companies Act 1981 to carry on in the United Kingdom insurance business of a class specified in Schedule 1 or 2 to that Act (or a part of such a class) is authorised to carry on there insurance business of the class identified by the same number in Schedule 1 or 2 to this Act (or that part of such a class).

(2)A body may not carry on industrial assurance business by virtue of this section unless—

(a)it was carrying on such business immediately before 1st January 1982, or

(b)it was immediately before the commencement of this Act authorised to carry on such business under section 3 of the Insurance Companies Act 1981.

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