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Insurance Companies Act 1982

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This is the original version (as it was originally enacted).

74Intermediaries in insurance transactions

(1)Regulations may be made for requiring any person who—

(a)invites another person to make an offer or proposal or to take any other step with a view to entering into a contract of insurance with an insurance company; and

(b)is connected with that company as provided in the regulations,

to give the prescribed information with respect to his connection with the company to the person to whom the invitation is issued.

(2)Regulations may be made for requiring any person who, in the course of carrying on any business or profession, issues any such invitation as is mentioned in subsection (1)(a) above in relation to an insurance company which is not an authorised insurer in respect of the contract in question to inform the person to whom the invitation is issued that the company is not such an insurer as aforesaid. In this subsection "authorised insurer", in relation to a contract of any description, means a person entitled to carry on in the United Kingdom insurance business of a class comprising the effecting of contracts of that description.

(3)Any person who contravenes regulations under this section shall be guilty of an offence.

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