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Insurance Companies Act 1958

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. Preliminary

    1. 1.Companies to which Act applies

  3. Restriction on carrying on of insurance business

    1. 2.Minimum paid up share capital

  4. Accounts, etc

    1. 3.Separation of funds relating to certain classes of business

    2. 4.Preparation of annual accounts and balance sheets

    3. 5.Periodic investigation of certain companies by actuary

    4. 6.Statement of business by Committee of Lloyd's, etc

    5. 7.Statement of business by accident insurance company

    6. 8.Deposit of accounts, etc., with Board of Trade

    7. 9.Audit of accounts

    8. 10.Accounts, etc., to be laid before Parliament

  5. Amalgamations and transfers

    1. 11.Provisions as to certain amalgamations and transfers

    2. 12.Statements relating to amalgamation or transfer to be deposited with Board of Trade

  6. Insolvency and winding up

    1. 13.Margin of solvency for general business

    2. 14.Investigation of company of doubtful solvency

    3. 15.Winding up

    4. 16.Subsidiary companies

    5. 17.Supplemental provisions as to winding up

    6. 18.Reduction of contracts as alternative to winding up

  7. Deposits with Accountant-General of Supreme Court

    1. 19.Treatment of deposits

    2. 20.Regulations as to deposits

  8. Special provisions as to certain insurance companies

    1. 21.Mutual associations, industrial assurance companies and other special cases

    2. 22.Unregistered companies

    3. 23.Oversea companies

    4. 24.Bond investment companies

  9. Miscellaneous and supplemental provisions

    1. 25.Advertisements, etc., referring to amount of authorised capital

    2. 26.Penalty for non-compliance with Act

    3. 27.Penalty for falsifying statements, etc

    4. 28.Recovery and application of penalties

    5. 29.Service of notices

    6. 30.Documents deposited with Board of Trade

    7. 31.Exercise of powers of Board of Trade

    8. 32.Expenses

    9. 33.Interpretation

    10. 34.Provisions as to regulations

    11. 35.Savings

    12. 36.Consequential amendments, repeals, revocations and transitional provisions

    13. 37.Short title, commencement and extent

    1. First Schedule

      Requirements to be complied with by underwriters of Lloyd's and other approved associations

    2. Second Schedule

      Adaptations, etc., for special cases

    3. Third Schedule

      Rules for valuing policies and liabilities

    4. Fourth Schedule

      Liquidator's duties as to valuation of liabilities

    5. Fifth Schedule

      Amendments and repeals

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