Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(b)

S. 4: power to exclude conferred by Financial Services Act 1986 (c. 60, SIF 69), s. 184(5)

1981 c. 31.

http://www.legislation.gov.uk/ukpga/1982/50/section/4Insurance Companies Act 1982 (repealed)An Act to consolidate the Insurance Companies Acts 1974 and 1981.1982-11-01texttext/xmlenStatute Law Database2011-05-272001-12-01Part I Restriction on Carrying on Insurance Business Authorised insurance companies
4 Existing insurance companies.1

A body that was, immediately before the commencement of this Act, authorised under section 3 or 4 of the Insurance 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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4
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A body that was, immediately before the commencement of this Act, authorised under section 3 or 4 of the
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Insurance 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).
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