PART 8 MISCELLANEOUS AMENDMENTS TO PRIMARY LEGISLATION

Social Security (Recovery of Benefits) Act 1997 (c. 27)

358 Payments by insurers
1 Paragraph 5 of Schedule 1 to the Social Security (Recovery of Benefits) Act 1997 is amended as follows.
2 The existing provision becomes sub-paragraph (1).
3 In that sub-paragraph—
(a) for “insurance company within the meaning of the Insurance Companies Act 1982” substitute “insurer”; and
(b) for “the company” substitute “the insurer”.
4 After that sub-paragraph, insert—

“2 “Insurer” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance.
3 Sub-paragraph (2) must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.”

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