Part XII N.I. Supplementary Provisions

Interpretation N.I.

[F1 175A Insurer and long-term insurance business N.I.

(1) In this Act “insurer” means—

(a) a person who has permission under [F2 Part 4A] of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, F3 ...

F3 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) In this Act “long term insurance business” means business which consists of the effecting or carrying out of contracts of long-term insurance.

(3) This section must be read with—

(a) section 22 of the Financial Services and Markets Act 2000;

(b) any relevant order under that section; and

(c) Schedule 2 to that Act.]

Textual Amendments

F1 S. 175A inserted (1.12.2001) by S.I. 2001/3649, arts. 1, 137(1)

F2 Words in s. 175A(1)(a) substituted (1.3.2017) by The Bank of England and Financial Services (Consequential Amendments) Regulations 2017 (S.I. 2017/80), reg. 1, Sch. para. 9(c)

F3 S. 175A(1)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 2(7); 2020 c. 1, Sch. 5 para. 1(1)