The Insurance Companies (Legal Expenses Insurance) (Application for Authorisation) Regulations 1990

Information required in certain cases where new authorisation sought

2.—(1) These Regulations apply where an insurance company—

(a) is authorised to carry on one or more classes of general insurance business other than class 17 (legal expenses insurance) and by virtue of that authorisation effects and carries out (otherwise than by way of reinsurance) contracts which contain related and subsidiary provisions within class 17, and

(b) as a result of the Insurance Companies (Legal Expenses Insurance) Regulations 1990(1) will, as from 1st July 1990, require authorisation for class 17 in order to carry out and effect such contracts.

(2) If in such a case the insurance company applies before 1st July 1990 for authorisation for class 17 and re-authorisation for the classes of business which it is already authorised to carry on, the information to be submitted pursuant to section 5(1) of the Insurance Companies Act 1982 may (instead of that required by regulation 29 of and Schedule 5 to the Insurance Companies Regulations 1981(2) be that specified in the Schedule to these Regulations.

(3) In the Schedule—

• Part I is appropriate for a company whose head office is in the United Kingdom, Part II is appropriate for a company whose head office is in a member State other than the United Kingdom, andPart III is appropriate for a company whose head office is not in a member State.

(1)

S.I. 1990/1159.

(2)

S.I. 1981/1654.