PART IIAMENDMENTS OF 1982 ACT
CHAPTER VSPECIAL CLASSES OF INSURERS
Lloyd’s underwriters48
1
In section 83A of the 1982 Act28 (Lloyd’s underwriters: insurance Directives)—
a
after the words “Secretary of State” insert the words “which are exercisable in relation to UK companies”; and
b
for the words from “giving effect” to the end substitute the words
which—
a
gives effect to the general and long term insurance Directives; or
b
is applicable to the insurance activities of Lloyd’s in that State
2
In section 85 of that Act (Lloyd’s underwriters: transfers of business)—
a
in subsection (1), for the words “sections 49 to 52 above” substitute the words “Schedule 2C to this Act”;
b
in subsection (3), for the words “sections 49 and 50 or sections 51 and 52 above” substitute the words “the provisions of Part I or II of Schedule 2C to this Act” and for paragraph (a) substitute—
a
references to a ‘UK company’ included references to members of Lloyd's;
c
after subsection (3) insert—
4
Section 52A above shall apply as if the reference in subsection (1) to a UK company included a reference to members of Lloyd's.