I,Life and annuity.,Effecting and carrying out contracts of insurance on human life or contracts to pay annuities on human life, but excluding (in each case) contracts within Class III below., II,Marriage and birth.,Effecting and carrying out contracts of insurance to provide a sum on marriage or on the birth of a child, being contracts expressed to be in effect for a period of more than one year., III,Linked long term.,Effecting and carrying out contracts of insurance on human life or contracts to pay annuities on human life where the benefits are wholly or partly to be determined by reference to the value of, or the income from, property of any description (whether or not specified in the contracts) or by reference to fluctuations in, or in an index of, the value of property of any description (whether or not so specified)., IV,Permanent health., Effecting and carrying out contracts of insurance providing specified benefits against risks of persons becoming incapacitated in consequence of sustaining injury as a result of an accident or of an accident of a specified class or of sickness or infirmity, being contracts that— are expressed to be in effect for a period of not less than five years, or until the normal retirement age for the persons concerned, or without limit of time, and either are not expressed to be terminable by the insurer, or are expressed to be so terminable only in special circumstances mentioned in the contract. , V,Tontines.,Effecting and carrying out tontines., VI,Capital redemption.,Effecting and carrying out capital redemption contracts., VII,Pension fund management., Effecting and carrying out— contracts to manage the investments of pension funds, or contracts of the kind mentioned in paragraph (a) above that are combined with contracts of insurance covering either conservation of capital or payment of a minimum interest. , 1,Accident., Effecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of both) against risks of the person insured or, in the case of a contract made by virtue of section 140, 140A or 140B of the Local Government Act 1972, a person for whose benefit the contract is made— sustaining injury as the result of an accident or of an accident of a specified class, or dying as the result of an accident or of an accident of a specified class, or becoming incapacitated in consequence of disease or of disease of a specified class, inclusive of contracts relating to industrial injury and occupational disease but exclusive of contracts falling within class 2 below or within class IV in Schedule 1 to this Act (permanent health). , 2,Sickness.,Effecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of the two) against risks of loss to the persons insured attributable to sickness or infirmity, but exclusive of contracts falling within class IV in Schedule 1 to this Act., 3,Land vehicles.,Effecting and carrying out contracts of insurance against loss of or damage to vehicles used on land, including motor vehicles but excluding railway rolling stock., 4,Railway rolling stock.,Effecting and carrying out contracts of insurance against loss of or damage to railway rolling stock., 5,Aircraft.,Effecting and carrying out contracts of insurance upon aircraft or upon the machinery, tackle, furniture or equipment of aircraft., 6,Ships.,Effecting and carrying out contracts of insurance upon vessels used on the sea or on inland water, or upon the machinery, tackle, furniture or equipment of such vessels., 7,Goods in transit.,Effecting and carrying out contracts of insurance against loss of or damage to merchandise, baggage and all other goods in transit, .irrespective of the form of transport., 8,Fire and natural forces.,Effecting and carrying out contracts of insurance against loss of or damage to property (other than property to which classes 3 to 7 above rela(e) due to fire, explosion, storm, natural forces other than storm, nuclear energy or land subsidence., 9,Damage to property.,Effecting and carrying out contracts ot insurance against loss of or damage to property (other than property to which classes 3 to 7 above rela(e) due to hail or frost or to any event (such as theft) other than those mentioned in class 8 above., 10,Motor vehicle liability.,Effecting and carrying out contracts of insurance against damage arising out of or in connection with the use of motor vehicles on land, including third-party risks and carrier's liability., 11,Aircraft liability.,Effecting and carrying out contracts of insurance against damage arising out of or in connection with the use of aircraft, including third-party risks and carrier's liability., 12,Liability for ships.,Effecting and carrying out contracts of insurance-against damage arising out of or in connection with the use of vessels on the sea or on inland water, including third-party risks and carrier's liability., 13,General liability.,Effecting and carrying out contracts of insurance against risks of the persons insured incurring liabilities to third parties, the risks in question not being risks to which class 10, 11 or 12 above relates., 14,Credit.,Effecting and carrying out contracts of insurance against risks of loss to the persons insured arising from the insolvency of debtors of theirs or from the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due., 15,Suretyship., Effecting and carrying out— contracts of insurance against risks of loss to the persons insured arising from their having to perform contracts of guarantee entered into by them; contracts for fidelity bonds, performance bonds, administration bonds, bail bonds or customs bonds or similar contracts of guarantee. , 16,Miscellaneous financial loss., Effecting and carrying out contracts of insurance against any of the following risks, namely— risks of loss to the persons insured attributable to interruptions of the carrying on of business carried on by them or to reduction of the scope of business so carried on; risks of loss to the persons insured attributable to their incurring unforeseen expense; risks neither falling within paragraph (a) or (b) above nor being of a kind such that the carrying on of the business of effecting and carrying out contracts of insurance against them constitutes the carrying on of insurance business of some other class. , 17,Legal expenses.,Effecting and carrying out contracts of insurance against risks of loss to the persons insured attributable to their incurring legal expenses (including costs of litigation)., 1,Accident and health.,Classes 1 and 2., 2,Motor.,Class 1 (to the extent that the relevant risks are risks of the person insured sustaining injury, or dying, as the result of travelling as a passenger) and classes 3, 7 and 10., 3,Marine and transport.,Class 1 (to the said extent) and classes 4, 6, 7 and 12., 4,Aviation.,Class 1 (to the said extent) and classes 5, 7 and 11., 5,Fire and other damage to property.,Classes 8 and 9., 6,Liability.,Classes 10, 11, 12 and 13., 7,Credit and suretyship.,Classes 14 and 15., 8,General.,All classes., 1974 c. 49 .,The Insurance Companies Act 1974.,The whole Act, except sections 88(1)(b) and 90 and Schedule 1., 1975 c. 75 .,The Policyholders Protection Act 1975.,Section 22(1)., 1976 c. 69 .,The Companies Act 1976.,In Schedule 2, the entries relating to sections 17(1) and 75(2) of the Insurance Companies Act 1974., 1980 c. 25 .,The Insurance Companies Act 1980.,In section 1, paragraph (a) and, to the extent an Act therein mentioned is repealed by this Act, paragraph (b)., Section 2., Schedule 1., In Schedule 4, paragraph 18., 1980 c. 43 .,The Magistrates' Courts Act 1980.,In Schedule 7, paragraph 133., 1981 c. 31 .,The Insurance Companies Act 1981.,The whole Act, except sections 36(1), 38 and Part II of Schedule 4., 1981 c. 62 .,The Companies Act 1981.,In Schedule 3, paragraph 35., S.I. 1981/1657 (c. 44) .,The Insurance Companies Act 1981 (Commencement) Order 1981.,In the Schedule, paragraphs 2-9, 11, 12, Hand 15.,