Valid from 13/09/1993
Valid from 01/09/1994
Textual Amendments
F1Sch. 15 para. 16A and Cross-heading inserted (1.9.1994) by S.I. 1994/1984, reg. 25, Sch. 4 para. 5
[F216A(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15 above and either–
(a)as regards any policy included in the transfer, a member State other than the United Kingdom is the member State in which the risk is situated; or
(b)as regards any EFTA policy included in the transfer, and EEA State other than the United Kingdom is the EEA State in which the risk is situated.
(2)The Commission shall direct that–
(a)notice of its decision, and of the execution of any instrument giving effect to the transfer, shall be published in the member State or, as the case may be, the EEA State in which the risk 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 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 member State or, as the case may be, the EEA State in which the risk 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
F2Sch. 15 para. 16A 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 either–
(a)as regards any policy included in the transfer, a member State other than the United Kingdom is the State in which the commitment is situated; or
(b)as regards any EFTA policy included in the transfer, an EEA State other than the United Kingdom is the State in which the commitment is situated.
(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 member State or, as the case may be, the EEA State 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 member State or, as the case may be, the EEA State 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