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(This note is not part of the Order)
This Order makes provision to enable the Treasury to authorise another person, or that person’s employees, to exercise certain of their functions in relation to insurance. The Schedule to the Order lists the functions under the Insurance Companies Act 1982 (c. 50) and certain other enactments enabled to be contracted out by the Treasury. The functions were transferred to the Treasury by the Transfer of Functions (Insurance) Order 1997 (S.I. 1997/2781).
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