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Insurance Companies Act 1982 (repealed)
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Changes over time for: PART III
Version Superseded: 05/01/1998
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- 01/07/1994- Amendment
- 01/07/1994
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- 01/12/2001- Amendment
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Insurance Companies Act 1982 (repealed), PART III is up to date with all changes known to be in force on or before 18 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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PART IIIU.K. EFTA COMPANIES PROVIDING INSURANCE THROUGH ESTABLISHMENTS IN THE UNITED KINGDOM
Notification to Secretary of StateU.K.
23(1)Where an EFTA company intends to provide insurance through an establishment in the United Kingdom, it shall before doing so notify the Secretary of State of its intention.
(2)The notification shall indicate—
(a)the EEA State in which the insurance is to be provided, and
(b)the nature of the risks or commitments which the company proposes to cover.
(3)Where the company intends to provide insurance in more than one EEA State, the information specified above may be contained in a single notification but must be set out separately in relation to each such State.
(4)Where a company has duly notified the Secretary of State of its intention to provide insurancein an EEA State where administrative authorisation is required for the provision of insurance, then, if the original notification related—
(a)only to risks or commitments in respect of which such authorisation is required, or
(b)only to risks or commitments in respect of which such authorisation is not required,
Issue of certificates by Secretary of StateU.K.
24(1)An EFTA company which intends to provide insurance through an establishment in the United Kingdom may apply to the Secretary of State for a certificate—
(a)indicating the classes of insurance which the company is authorised to carry on in the United Kingdom, and
(b)stating that the Secretary of State does not object to the company providing the insurance.
(2)If it appears to the Secretary of State that a certificate applied for under sub-paragraph (1) above ought to be issued, he shall issue the certificate accordingly.
(3)If the Secretary of State refuses to issue a certificate, he shall inform the company in writing of his decision and of the reasons for it.
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