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Insurance Companies Act 1974

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This is the original version (as it was originally enacted).

37Residual power to impose requirements for protection of policy holders

The Secretary of State may require a company to take such action as appears to him to be appropriate for the purpose of protecting policy holders or potential policy holders of the company against the risk that the company may be unable to meet its liabilities or, in the case of long term business, to fulfil the reasonable expectations of policy holders or potential policy holders.

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