Insurance Companies Act 1982 (c. 50)

SCHEDULES

SCHEDULE 4 Saving and Transitional Provisions

Saving for requirements under section 29 of the Insurance Companies Act 1974

8 Where a requirement under section 29 of the [1974 c. 49.] Insurance Companies Act 1974 was in force immediately before 1st January 1982—

(a) that requirement shall continue in force,

(b) any requirement imposed under sections 30 to 37 of that Act on the company concerned, if it was in force immediately before that day, shall continue in force, and

(c) section 47(1) of this Act shall apply to any requirement that continues in force under sub-paragraph (a) or (b) above.