The Insurance Companies (Amendment) Regulations 1992

Citation, commencement, interpretation and purpose

1.—(1) These Regulations may be cited as the Insurance Companies (Amendment) Regulations 1992 and shall come into force on the day after the day on which they are made.

(2) In these Regulations—

“the 1982 Act” means the Insurance Companies Act 1982(1);

“the 1986 Act” means the Financial Services Act 1986(2).

(3) These Regulations—

(a) give effect to Council Directive 90/618/EEC(3) amending, particularly as regards motor vehicle liability insurance, Directive 73/239/EEC(4) and Directive 88/357/EEC(5) which concern the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance;

(b) give further effect to Council Directive 88/357/EEC; and

(c) give effect to Articles 8 and 9 of Council Directive 90/619/EEC(6) amending Council Directive 79/267/EEC(7) which concerns the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance.

(1)

1982 c. 50.

(2)

1986 c. 60.

(3)

O.J. No. L330, 29.11.90, p.44.

(4)

O.J. No. L228, 16.8.73, p.3; amended by Council Directives 76/580/EEC (O.J. No. L189, 13.7.76, p.13), 84/641/EEC (O.J. No. L339, 27.12.84, p.21), 87/343/EEC (O.J. No. L185, 4.7.87, p.72) and 87/344/EEC (O.J. No. L185, 4.7.87, p.77), the 1979 Act of Accession (Greece) (O.J. No. L291, 19.11.79, p.17), the 1985 Act of Accession (Portugal and Spain) (O.J. No. L302, 15.11.85, p.23) and Council Directives 88/357/EEC and 90/618/EEC.

(5)

O.J. No. L172, 4.7.88, p.1; amended by Directive 90/618/EEC.

(6)

O.J. No. L330, 29.11.90, p.50.

(7)

O.J. No. L63, 13.3.79, p.1; amended by the 1979 Act of Accession (Greece), the 1985 Act of Accession (Portugal and Spain) and Council Directive 90/619/EEC.