PART 2Subsidy control requirements
CHAPTER 2Prohibitions and other requirements
Ailing or insolvent enterprises
I1I226Meaning of “insurance company”
1
In sections 19 to 24, “insurance company” means a body corporate that has permission to carry on the regulated activity of effecting or carrying out contracts of insurance under—
a
Part 4A of the Financial Services and Markets Act 2000 (permission to carry on regulated activities), or
b
paragraph 15 of Schedule 3 to that Act (EEA passport rights), as it has effect as a result of section 409 of that Act (Gibraltar).
2
But “insurance company” does not include—
a
a registered society within the meaning of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 (c. 24 (N.I.)),
b
a friendly society within the meaning of the Friendly Societies Act 1992,
c
a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, or
d
a member of Lloyd’s that is not a company within the meaning of the Companies Acts (see sections 1(1) and 2(1) of the Companies Act 2006).
3
In this section “regulated activity” has the meaning given by section 22 of the Financial Services and Markets Act 2000, taken with Schedule 2 to that Act and any order under that section.