PART 3ENACTMENTS RELATING TO PENSIONS
Pension Schemes Act 1993 (c. 48)
Interpretation of expressions relating to insurance126
In the Pensions Schemes Act 1993, after section 180 insert—
Insurer and long-term insurance business180A
1
In this Act “insurer” means—
a
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, or
b
an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance.
2
In this Act “long term insurance business” means business which consists of the effecting or carrying out of contracts of long-term insurance.
3
This section must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section; and
c
Schedule 2 to that Act.