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Policyholders Protection Act 1975

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This is the original version (as it was originally enacted).

5(1)On imposing a levy under section 19 above in respect of any company, the Board shall send notice of the levy to every person who appears to the Board to be an accountable intermediary of that company.

(2)A notice under sub-paragraph (1) above shall indicate—

(a)the name of the company in respect of which the levy is being imposed ;

(b)the period covered, in the case of that company, by each of the two years mentioned in section 19(2) above ; and

(c)what in the view of the Board is the amount of the income of the intermediary in question which is income liable to levy;

and shall specify the rate of the levy.

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