Insurance Companies Act 1981

JurisdictionUK Non-devolved
Citation1981 c. 31
Year1981
(1) Schedule 4 to this Act shall have effect.(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) This Act may be cited as the Insurance Companies Act 1981.(2) This Act extends to Northern Ireland.In section 20(2) of the In section 1(3) (b) of the In Article 5(3) (b) of the for the definition of “liability insurance business” there shall be substituted—
    liability insurance business” means insurance business within class 13 in Schedule 2 to the Insurance Companies Act 1981
and
for the definition of “pecuniary loss insurance business” there shall be substituted—
    pecuniary loss insurance business” means insurance business within class 1, 2, 14, 15, 16 or 17 in Schedule 2 to the Insurance Companies Act 1981
.
In section 3(2) for the words from “permitted” to “1974” there shall be substituted the words “authorised under section 3 or 4 of the Insurance Companies Act 1981”.In section 8(4) , for the words from “not being” to the end there shall be substituted the words “other than class 5, 6, 7, 11 or 12, not being a contract of reinsurance”.In subsections (1) and (3) of section 28 after the words “Insurance Companies Act 1974” there shall be inserted the words “the Insurance Companies Act 1981”.In section 29 after the words “Insurance Companies Act 1974” there shall be inserted the words “or the Insurance Companies Act 1981”; and at the end there shall be added the words “or the said Act of 1981”.in the definition of “authorised insurers” for the words “liability insurance business or pecuniary loss insurance business” there shall be substituted the words “insurance business of class 13 or of classes 1, 2, 14, 15, 16 and 17 in Schedule 2 to the Insurance Companies Act 1981”; andin the definition of “insurance business” for the words from “of any” to “assurance business” there shall be substituted the words “other than industrial assurance business (within the meaning of section 1(2) of the Industrial

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