Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
34A General business: equalisation reserve.
(1) Every insurance company to which this section applies which carries on general business of a prescribed description shall maintain, in accordance with regulations made for the purposes of this section, a reserve (in this section referred to as an “equalisation reserve”) in respect of its general business of that description.
(2) Subject to subsection (3) below, this section applies to any insurance company to which this Part of this Act applies—
(a) whose head office is in the United Kingdom;
(b) whose business in the United Kingdom is restricted to reinsurance; or
(c) whose head office is not in a member State.
(3) This section does not apply to an insurance company of a description prescribed for the purposes of this subsection.
(4) Without prejudice to the generality of subsection (1) above, regulations made for the purposes of this section may make provision—
(a) as to the circumstances in which, and times at which, amounts are to be placed to, or taken from, an equalisation reserve;
(b) as to the determination of the amounts to be so placed or taken; and
(c) as to such other matters incidental to the maintenance of an equalisation reserve as the Treasury consider expedient.
Your change, as a redline
34A General business: equalisation reserve.
(1) Every insurance company to which this section applies which carries on general business of a prescribed description shall maintain, in accordance with regulations made for the purposes of this section, a reserve (in this section referred to as an “equalisation reserve”) in respect of its general business of that description.
(2) Subject to subsection (3) below, this section applies to any insurance company to which this Part of this Act applies—
(a) whose head office is in the United Kingdom;
(b) whose business in the United Kingdom is restricted to reinsurance; or
(c) whose head office is not in a member State.
(3) This section does not apply to an insurance company of a description prescribed for the purposes of this subsection.
(4) Without prejudice to the generality of subsection (1) above, regulations made for the purposes of this section may make provision—
(a) as to the circumstances in which, and times at which, amounts are to be placed to, or taken from, an equalisation reserve;
(b) as to the determination of the amounts to be so placed or taken; and
(c) as to such other matters incidental to the maintenance of an equalisation reserve as the Treasury consider expedient.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.