PART XII SPECIAL CLASSES OF COMPANIES AND BUSINESSES

CHAPTER I INSURANCE COMPANIES, UNDERWRITERS AND CAPITAL REDEMPTION BUSINESS

F1Classes of life assurance business

Annotations:
Amendments (Textual)
F1

Ss. 431B-431F and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by Finance Act 1995 (c. 4), Sch. 8 para. 2

C1431C Meaning of “life reinsurance business”.

C2C31

In this Chapter “life reinsurance business” means reinsurance of life assurance business other than pension business or business of any description excluded from this section by regulations made by the Board.

2

Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.