(1) For the purposes of section 111(2) the appropriate certificates, in relation to an insurance business transfer scheme, are—
(a) a certificate under paragraph 2;
(b) if sub-paragraph (2) applies, a certificate under paragraph 3;
[(ba) if sub-paragraph (2A) applies, a certificate under paragraph 3A;]
(c) if sub-paragraph (3) applies, a certificate under paragraph 4;
(d) if sub-paragraph (4) applies, a certificate under paragraph 5;
[(e) if sub-paragraph (5) applies, the certificates under paragraph 5A].
(2) This sub-paragraph applies if—
(a) [the transferor concerned] is a UK authorised person which has received authorisation under [Article 14 of the Solvency 2 Directive] from [the appropriate regulator]; and
(b) the establishment from which the business is to be transferred under the proposed insurance business transfer scheme is in an EEA State other than the United Kingdom.
[(2A) This sub-paragraph applies if—
(a) the transferor concerned is a UK authorised person which has received authorisation under Article 14 of the Solvency 2 Directive from the appropriate regulator; and
(b) as regards any policy which is included in the proposed transfer and which evidences a contract of insurance (other than reinsurance), the contract was concluded in an EEA State other than the United Kingdom.]
(3) This sub-paragraph applies if—
(a) [the transferor concerned] has received authorisation under [Article 162 of the Solvency 2 Directive] from [the appropriate regulator];
(b) the proposed transfer relates to business which consists of the effecting or carrying out of contracts of long-term insurance; and
(c) as regards any policy which is included in the proposed transfer and which evidences
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Enforcing a warrant of controlThis Practice Note has been produced by enforcement specialists, The Sheriffs Office. It guides users through the process of enforcing a warrant of control obtained from the County Court as a method of enforcing a money judgment; whereby the judgment creditor takes
Qualified one-way costs shifting (QOCS)What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE)
Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2: (1) offences at common law of public nuisance3; (2) an offence at common law of outraging public decency4; (3) administering an oath etc
The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be
0330 161 1234
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.