General

Citation, commencement, interpretation and purpose1.

(1)

These Regulations may be cited as the Insurance Companies (Amendment) Regulations 1992 and shall come into force on the day after the day on which they are made.

(2)

In these Regulations—

“the 1982 Act” means the Insurance Companies Act 19823;
“the 1986 Act” means the Financial Services Act 19864.

(3)

These Regulations—

(a)

give effect to Council Directive 90/618/EEC5 amending, particularly as regards motor vehicle liability insurance, Directive 73/239/EEC6 and Directive 88/357/EEC7 which concern the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance;

(b)

give further effect to Council Directive 88/357/EEC; and

(c)

give effect to Articles 8 and 9 of Council Directive 90/619/EEC8 amending Council Directive 79/267/EEC9 which concerns the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance.