Transfers of long term and general business
28.—(1) For sections 49 to 52 of the 1982 Act(1) (transfers of insurance business) substitute—
“49. Transfers of long term and general general business.
Schedule 2C to this Act shall have effect long term and with respect to transfers of business.”
(2) After Schedule 2B to that Act insert Schedule 3 to these Regulations (transfers of insurance business), as Schedule 2C.
(3) This regulation does not apply in any case where an application is made under section 49 or 51 of that Act before 1st July 1994.
(1)
Section 49A was inserted by the Friendly Societies Act 1992 (c. 40), section 120(1) and Schedule 21, Part I, para 5(2); section 49B was inserted by S.I. 1993/174, reg 3(3) and renumbered by S.I. 1993/1327, reg 3(1).