Part XXIX Interpretation

I1424 Insurance.

1

In this Act, references to—

a

contracts of insurance,

b

reinsurance,

c

contracts of long-term insurance,

d

contracts of general insurance,

are to be read with section 22 and Schedule 2.

2

In this Act “policy” and “policyholder”, in relation to a contract of insurance, have such meaning as the Treasury may by order specify.

3

The law applicable to a contract of insurance, the effecting of which constitutes the carrying on of a regulated activity, is to be determined, if it is of a prescribed description, in accordance with regulations made by the Treasury.