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Part IIIU.K. Conduct of Insurance Business

81 Penalties and offences under Part III.U.K.

(1)Any person guilty of an offence under section 72, 73 or 74 above 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 225(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.]

(2)Any person who makes default in complying with, or with a requirement imposed under, any other provision of this Part of this Act shall be guilty of an offence and liable, on summary conviction in England and Wales and Scotland to a fine not exceeding level 5 on the standard scale and, on summary conviction in Northern Ireland to a fine not exceeding £400.

Textual Amendments

F2Words in s. 81(1)(b)(ii) substituted (1.4.1996) by 1995 c. 40, ss. 5, 7(2), Sch. 4 para. 45(4)(with Sch. 3)

F3S. 81(1)(b)(iii) substituted for words after sub-paragraph (ii) by S.I. 1984/703 (N.I. 3), art. 19(1), Sch. 6 para. 32(b)

Marginal Citations

Part IIIU.K. Conduct of Insurance Business

81 Penalties and offences under Part III.U.K.

(1)Any person guilty of an offence under section 72, 73 or 74 above 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 225(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.]

(2)Any person who makes default in complying with, or with a requirement imposed under, any other provision of this Part of this Act shall be guilty of an offence and liable, on summary conviction in England and Wales and Scotland to a fine not exceeding level 5 on the standard scale and, on summary conviction in Northern Ireland to a fine not exceeding £400.

Textual Amendments

F2Words in s. 81(1)(b)(ii) substituted (1.4.1996) by 1995 c. 40, ss. 5, 7(2), Sch. 4 para. 45(4)(with Sch. 3)

F3S. 81(1)(b)(iii) substituted for words after sub-paragraph (ii) by S.I. 1984/703 (N.I. 3), art. 19(1), Sch. 6 para. 32(b)

Marginal Citations