SCHEDULES

[F1 [SCHEDULE 13B TO 1992 ACT]U.K. RECOGNITION IN OTHER EEA STATES OF FRIENDLY SOCIETIES TO WHICH SECTION 37(2) OR (3) APPLIES]

Textual Amendments

F1Sch. 13B inserted (1.9.1994) by S.I. 1994/1984 reg. 15(2), Sch. 2

PART IIIU.K. FRIENDLY SOCIETIES PROVIDING INSURANCE IN THE UNITED KINGDOM THROUGH OVERSEAS BRANCHES IN OTHER EEA STATES

11(1)Where a friendly society to which section 37(2) or (3) above applies intends to provide insurance in the United Kingdom, it shall before doing so notify the Commission of its intention.

(2)The notification shall indicate–

(a)the EEA State in which is situated the overseas branch through which the society intends to provide insurance in the United Kingdom; and

(b)the nature of the risks or commitments which the society proposes to cover in the United Kingdom.

(3)Where the EEA State in which is situated the overseas branch through which the society intends to provide insurance in the United Kingdom is an EFTA State, the notification shall be accompanied by a certificate, issued by the supervisory authority in that State, which–

(a)indicates the classes of insurance business which the society has been authorised to undertake through that branch;

(b)states that the authority does not object to the society providing insurance in the United Kingdom; and

(c)where the society intends to provide long term insurance in the United Kingdom, confirms that all the commitments which the society intends to cover fall within the classes of insurance business which the society has been authorised to undertake through that branch.

(4)The society shall notify the Commission in writing if–

(a)it changes either of the details notified to the Commission under sub–paragraph (2) above; or

(b)it ceases to provide insurance in the United Kingdom.