- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Contracting Out (Functions in Relation to Insurance) Order 1998 No. 2842
67. Functions conferred under or by virtue of any of the following provisions of the Insurance (Lloyd's) Regulations 1983(2):
(a)regulation 3(4) (financial resources);
(b)regulation 5(1A) (statement of business);
(c)paragraph 2 of Schedule 1 (modifications to Schedules 3 and 4 to the Insurance Companies Regulations 1994(3)); and
(d)paragraphs 4(1)(a), 6, 10 and 11 of Schedule 1A (calculation of prescribed surplus).
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