The Insurance (Fees) Regulations 1989

3.  In these Regulations:–

“the Act” means the Insurance Companies Act 1982;

“gross premiums receivable” means:–

(a)

where an insurance company carries on either long term business or general business but not both, the gross amount of premiums receivable in respect of its global business required to be included in the documents required to be deposited under section 22(1) of the Act in relation to the financial year to which the documents relate, or where such amount is not required to be included, the amount which would otherwise have been required to be so included;

(b)

where an insurance company carries on both long term business and general business, the sum of the gross amounts of premiums receivable in respect of its global long term business and global general business respectively required to be included in the documents required to be deposited under section 22(1) of the Act in relation to the financial year to which the documents relate, or where such amounts are not required to be included, the amounts which would otherwise have been required to be so included;

“group” means a body corporate together with:–

(a)

all of its wholly-owned subsidiaries;

(b)

any body corporate of which it is a wholly-owned subsidiary;

(c)

all bodies corporate which are wholly-owned subsidiaries of any such body corporate as is first mentioned in (b) above.

“wholly-owned subsidiary” has the meaning given to it by section 736(5) of the Companies Act 1985(1);

“winding up” includes an analogous procedure under any jurisdiction other than that of any part of the United Kingdom,.

(1)

1985 c. 6.