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Policyholders Protection Act 1975

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. The Policyholders Protection Board

    1. 1.The Policyholders Protection Board

    2. 2.Guidance to the Board by the Secretary of State

  3. General scope of the Board's functions under this Act

    1. 3.Authorised insurance companies

    2. 4.Protection confined to United Kingdom policies

  4. Duties of the Board in case of companies in liquidation

    1. 5.Application of sections 6 to 11

    2. 6.Compulsory insurance policies and securities

    3. 7.Third-party rights against insurance companies in road traffic cases

    4. 8.General policies other than compulsory insurance policies

    5. 9.Limits on the duties of the Board under sections 6 to 8

    6. 10.Long term policies

    7. 11.Special provision for future benefits under long term policies

    8. 12.Disproportionate benefits under long term policies

  5. General provisions with respect to the duties of the Board

    1. 13.General provisions with respect to the performance by the Board of their duties

    2. 14.Exclusion and modification of duties of the Board where payments are made by other persons, etc

  6. Powers of the Board to assist policyholders of companies in liquidation, etc

    1. 15.Interim payments to policyholders of companies in liquidation, etc

  7. Powers of the Board to protect policyholders of companies in financial difficulties

    1. 16.Companies in financial difficulties: transfers of business, etc

    2. 17.Special provision with respect to long term business of a company in financial difficulties

  8. Levies on the insurance industry to finance the performance by the Board of their functions

    1. 18.General business expenditure and long term business expenditure

    2. 19.Levies on intermediaries

    3. 20.The exempt income level for the purposes of section 19

    4. 21.Levies on authorised insurance companies

    5. 22.Treatment of business as, or as not being, long term business for the purposes of section 21 and Schedule 3

  9. Miscellaneous and supplementary

    1. 23.Special provision for persons insured under contracts of insurance not evidenced by policies

    2. 24.Application of general receipts by the Board

    3. 25.Application of surplus funds by the Board

    4. 26.Overseas companies

    5. 27.Disclosure of documents and information to the Board

    6. 28.Statement by Secretary of State with respect to the exercise of his powers in relation to a company in liquidation, etc

    7. 29.Disclosure of documents and information to insurance advisers appointed by the Secretary of State

    8. 30.Report by Secretary of State with respect to the operation of this Act

    9. 31.Regulations

    10. 32.Interpretation

    11. 33.Short title and extent

    1. Schedule 1

      Additional provisions with respect to the Policyholders Protection Board

    2. Schedule 2

      Additional provisions with respect to levies on intermediaries

    3. Schedule 3

      Additional provisions with respect to levies on authorised insurance companies

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