http://www.legislation.gov.uk/ukpga/1982/50/section/68Insurance Companies Act 1982 (repealed)An Act to consolidate the Insurance Companies Acts 1974 and 1981.1982-11-01texttext/xmlenStatute Law Database2011-05-272001-12-01 Part II Regulation of Insurance Companies Miscellaneous Power to modify Part II in relation to particular companies.681The Treasury may, on the application or with the consent of an insurance company to which this Part of this Act applies, by order direct that all or any of the provisions to which this section applies shall not apply to the company or shall apply to it with such modifications as may be specified in the order.2An order under this section may be subject to conditions.3An order under this section may be revoked at any time by the Treasury; and the Treasury may at any time vary any such order on the application or with the consent of the company to which it applies.4The provisions to which this section applies are sections 16 to 22, 23(1) 25 to 34 and 35 to 36 of this Act, the provisions of regulations made for the purposes of any of those sections and the provisions of any valuation regulations.4AIf regulations made for the purposes of this subsection so provide, the provisions to which this section applies shall also include section 34A above and the provisions of regulations made for the purposes of that section.5In relation to section 31 above, subsection (1) above shall have effect as if the reference to an insurance company to which this Part of this Act applies included a reference to any subordinate company within the meaning of that section of any such insurance company.Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(b)Pt. II (ss. 15-71) restricted (1.1.1993) by S.I. 1992/3218, reg65Pt. II (ss. 15-71) extended (24.12.1996) by S.I. 1996/3011, reg. 3(1)(b), 10(1)S. 68 extended (with modifications) (24.12.1996) by S.I. 1996/3011, regs. 4, 10(1)Word in s. 68 substituted (5.1.1998) by S.I. 1997/2781, art. 8(1), Sch. Pt. I para.43(d) (with art. 7)Words in s. 68(4) substituted (19.7.1995) by 1995 c. 29, s. 2(2)S. 68(4A) inserted (19.7.1995) by 1995 c. 29, s. 2(3)
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<dc:title>Insurance Companies Act 1982 (repealed)</dc:title>
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Part II
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<Title> Regulation of Insurance Companies</Title>
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<Title> Miscellaneous</Title>
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<Title> Power to modify Part II in relation to particular companies.</Title>
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68
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<Text>
The
<Addition ChangeId="d30p22538" CommentaryRef="c1482848">Treasury</Addition>
may, on the application or with the consent of an insurance company to which this Part of this Act applies, by order direct that all or any of the provisions to which this section applies shall not apply to the company or shall apply to it with such modifications as may be specified in the order.
</Text>
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<P2para>
<Text>An order under this section may be subject to conditions.</Text>
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<Text>
An order under this section may be revoked at any time by the
<Addition ChangeId="d30p22554" CommentaryRef="c1482848">Treasury</Addition>
; and the
<Addition ChangeId="d30p22558" CommentaryRef="c1482848">Treasury</Addition>
may at any time vary any such order on the application or with the consent of the company to which it applies.
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The provisions to which this section applies are sections 16 to 22, 23(1)
<Addition ChangeId="d30p22568" CommentaryRef="c1482851">25 to 34 and 35 to 36</Addition>
of this Act, the provisions of regulations made for the purposes of any of those sections and the provisions of any valuation regulations.
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<Addition ChangeId="d30p22572" CommentaryRef="c1482852">4A</Addition>
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<Addition ChangeId="d30p22572" CommentaryRef="c1482852">If regulations made for the purposes of this subsection so provide, the provisions to which this section applies shall also include section 34A above and the provisions of regulations made for the purposes of that section.</Addition>
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<Pnumber>5</Pnumber>
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<Text>In relation to section 31 above, subsection (1) above shall have effect as if the reference to an insurance company to which this Part of this Act applies included a reference to any subordinate company within the meaning of that section of any such insurance company.</Text>
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<Para>
<Text>
Act repealed (1.12.2001) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00069" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>
,
<CitationSubRef id="c00070" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00069" SectionRef="article-1">arts. 1</CitationSubRef>
,
<CitationSubRef id="c00071" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/3/1/b" CitationRef="c00069" SectionRef="article-3-1-b">3(1)(b)</CitationSubRef>
</Text>
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<Commentary id="c1481891" Type="C">
<Para>
<Text>
<CitationSubRef id="c00886" URI="http://www.legislation.gov.uk/id/ukpga/1982/50/part/II" SectionRef="part-II">Pt. II</CitationSubRef>
(ss. 15-71) restricted (1.1.1993) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/1992/3218" id="c00887" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="3218">S.I. 1992/3218</Citation>
,
<CitationSubRef id="c00888" URI="http://www.legislation.gov.uk/id/uksi/1992/3218/regulation/65" Operative="true" CitationRef="c00887" SectionRef="regulation-65">reg65</CitationSubRef>
</Text>
</Para>
<Para>
<Text>
<CitationSubRef id="c00889" URI="http://www.legislation.gov.uk/id/ukpga/1982/50/part/II" SectionRef="part-II">Pt. II</CitationSubRef>
(ss. 15-71) extended (24.12.1996) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/1996/3011" id="c00890" Class="UnitedKingdomStatutoryInstrument" Year="1996" Number="3011">S.I. 1996/3011</Citation>
,
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,
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</Text>
</Para>
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<Commentary id="c1482847" Type="C">
<Para>
<Text>
<CitationSubRef id="c03287" URI="http://www.legislation.gov.uk/id/ukpga/1982/50/section/68" SectionRef="section-68">S. 68</CitationSubRef>
extended (with modifications) (24.12.1996) by
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,
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,
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</Text>
</Para>
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<Commentary id="c1482848" Type="F">
<Para>
<Text>
Word in
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substituted (5.1.1998) by
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,
<CitationSubRef id="c03293" URI="http://www.legislation.gov.uk/id/uksi/1997/2781/article/8/1" CitationRef="c03292" SectionRef="article-8-1">art. 8(1)</CitationSubRef>
,
<CitationSubRef id="c03294" URI="http://www.legislation.gov.uk/id/uksi/1997/2781/schedule/part/I/paragraph/43/d" Operative="true" CitationRef="c03292" SectionRef="schedule-part-I-paragraph-43-d">Sch. Pt. I para.43(d)</CitationSubRef>
(with
<CitationSubRef id="c03295" URI="http://www.legislation.gov.uk/id/uksi/1997/2781/article/7" CitationRef="c03292" SectionRef="article-7">art. 7</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="c1482851" Type="F">
<Para>
<Text>
Words in
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substituted (19.7.1995) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/29" id="c03297" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="29">1995 c. 29</Citation>
,
<CitationSubRef id="c03298" URI="http://www.legislation.gov.uk/id/ukpga/1995/29/section/2/2" Operative="true" CitationRef="c03297" SectionRef="section-2-2">s. 2(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c1482852" Type="F">
<Para>
<Text>
<CitationSubRef id="c03299" URI="http://www.legislation.gov.uk/id/ukpga/1982/50/section/68/4A" SectionRef="section-68-4A">S. 68(4A)</CitationSubRef>
inserted (19.7.1995) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/29" id="c03300" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="29">1995 c. 29</Citation>
,
<CitationSubRef id="c03301" URI="http://www.legislation.gov.uk/id/ukpga/1995/29/section/2/3" Operative="true" CitationRef="c03300" SectionRef="section-2-3">s. 2(3)</CitationSubRef>
</Text>
</Para>
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