424 Insurance
424 Insurance

424  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.

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