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The Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 1999
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- 1999 No. 2839
- Regulation 19
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Amendments to the principal Regulations
19.—(1) Regulation 18 shall be amended as follows.
(2) In paragraph (1)(a) after paragraph (ii) and the word “or” immediately following it there shall be added—
“(iii)in the circumstances prescribed in regulation 7(A)(1) where the insurance company has not completed the certificate prescribed in regulation 7A(4) or (5) within the period limited in regulation 7A(9), or”.
(3) After paragraph (1)(a) and the word “or” immediately following it there shall be inserted—
“(aa)treats an underlying policy as relating to overseas life assurance business in the circumstances prescribed in regulation 9 where the insurance company has not obtained the certificate prescribed in regulation 9(3) or the undertaking prescribed in regulation 9(4) within the period limited in regulation 9(5), or”.
(4) After paragraph (1)(b) and the word “or” immediately following it there shall be inserted—
“(ba)treats an underlying policy as relating to overseas life assurance business in the circumstances prescribed in regulation 10A(1) where the insurance company has not obtained the certificate prescribed in regulation 10A(3) or the undertaking prescribed in regulation 10A(4) within the period limited in regulation 10A(5), or”.
(5) In paragraph (1)(c) for the words “or 14(3)” there shall be substituted “, 14(3) or 14A(4)”.
(6) In paragraph (1)(d) for the words “or 16(3)” there shall be substituted “, 16(3) or 16A(3)”.
(7) In paragraph (1)(e) after the word “made” there shall be inserted “or transferred”.
(8) In paragraph (2) for the words “(b), (d) or (e)” there shall be substituted “(aa), (b), (ba), (d) or (e)”.
(9) In paragraph (3)(a) after the word “made” there shall be inserted “or transferred”.
(10) In pargraph (4) after the word “assessment” there shall be inserted “self-assessment,”.
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