Textual Amendments
F1Word in the title of Sch. 15 Pt. II substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 128(d) (with art. 13(1), Sch. 5); S.I. 2001/3538, art. 2(1)
Textual Amendments
F2Sch. 15 para. 16A and Cross-heading inserted (1.9.1994) by S.I. 1994/1984, reg. 25, Sch. 4 para. 5
[F316B(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15A above and F4. . .–U.K.
F5. . . . .as regards any policy included in the transfer, [F6an EEA State] other than the United Kingdom is the State in which the commitment is situated; F5. . .
F7(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The Commission shall direct that–
(a)notice of the making of any order, or the execution of any instrument, giving effect to the transfer shall be published in the [F6 EEA State] F4. . . which is the State in which the commitment is situated; and
(b)the notice shall specify the period during which the policy holder may exercise any right to cancel the policy;
and the instrument or order shall not bind the policy holder if either such a notice is not so published or the policy holder exercises any such right during the period so specified.
(3)The law of the [F6 EEA State] F4. . . which is the State in which the commitment is situated shall determine–
(a)whether the policy holder has a right to cancel the policy; and
(b)the conditions applicable to any such right.]
Textual Amendments
F3Sch. 15 para. 16B inserted (1.9.1994) by S.I. 1994/1984, reg. 25 Sch. 4 para. 6
F4Words in Sch. 15 para. 16B repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.
F5Words in Sch. 15 para. 16B(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.
F6Words in Sch. 15 para. 16B substituted (1.1.1998) by S.I. 1997/2849, reg. 3
F7Sch. 15 para. 16B(1)(b) repealed (1.1.1998) by S.I. 19997/2849, reg. 5, Sch.