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Law applicable to certain contracts of insurance

6.—(1) In Part V of the Insurance Companies Act 1982 (supplementary provisions), after section 94 insert–

Law applicable to certain contracts of insurance

Law applicable to certain contracts of insurance.

94A.(1) The law applicable to a contract of insurance the effecting of which constitutes general business, and which covers risks situated in the United Kingdom or another member State, shall be determined in accordance with the provisions of Schedule 3A to this Act.

(2) Those provisions do not apply in relation to a contract of reinsurance..

(2) After Schedule 3 to the Insurance Companies Act 1982 insert–