The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002

The Industrial Assurance (Northern Ireland) Order 1979 (S.I. 1979/1574 (N.I.13))

Meaning of “relevant insurer”

53.—(1) The Industrial Assurance (Northern Ireland) Order 1979 (as that Order has effect, notwithstanding its revocation(1), by virtue of the Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001(2)) is amended as follows.

(2) In paragraph (2) of Article 2 (interpretation)(3), after the definition of “Registrar” insert—

““relevant insurer” means a person, whether incorporated or not, who carried on industrial assurance business before 1st December 2001;”.

(3) In Article 20 (illegal policies), in paragraph (1)(4) for “entitled” (in the second place it occurs) substitute “liable”.

(1)

The Industrial Assurance (Northern Ireland) Order 1979 was revoked by section 416(2) of the Financial Services and Markets Act 2000 (c. 8) as from 1st December 2001.

(2)

S.I. 2001/3647, article 3(3), Schedule 1, Part IV, paragraphs 37 to 58.

(3)

Article 2 is saved with modifications by S.I. 2001/3647, Schedule 1, Part IV, paragraph 38.

(4)

Paragraph (1) of Article 20, as it has effect from 1st December 2001, was substituted by S.I. 2001/3647, Schedule 1, Part IV, paragraph 35.