Insurance Companies Act 1982 (repealed)
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
61A Approval of acquisition of notifiable holding in UK company.
(1) No person who is a controller of a UK company shall acquire a notifiable holding in that company, or in another company of which it is a subsidiary undertaking, unless— (a) he has served on the Treasury a written notice stating— (i) that he intends to acquire such a holding; and (ii) the number of the shares or details of the voting rights which he proposes to acquire; and (b) either the Treasuryhave, before the expiration of the period of three months beginning with the date of service of that notice, notified him in writing that there is no objection to his proposed acquisition of the holding, or that period has elapsed without the Treasury having served on him a written notice of objection. (2) The Treasury may serve a notice of objection under subsection (1) above on the ground— (a) that it appears to them that the person concerned is not a fit and proper person to acquire such a holding; or (b) that it appears to them that, if that person were to acquire such a holding, the criteria of sound and prudent management would not or might not continue to be fulfilled in respect of the company. (3) Subsections (2) to (4) of section 61 above shall (with the necessary modifications) apply for the purposes of this section as they apply for the purposes of that section.
61A Approval of acquisition of notifiable holding in UK company.
(1) No person who is a controller of a UK company shall acquire a notifiable holding in that company, or in another company of which it is a subsidiary undertaking, unless— (a) he has served on the Treasury a written notice stating— (i) that he intends to acquire such a holding; and (ii) the number of the shares or details of the voting rights which he proposes to acquire; and (b) either the Treasuryhave, before the expiration of the period of three months beginning with the date of service of that notice, notified him in writing that there is no objection to his proposed acquisition of the holding, or that period has elapsed without the Treasury having served on him a written notice of objection. (2) The Treasury may serve a notice of objection under subsection (1) above on the ground— (a) that it appears to them that the person concerned is not a fit and proper person to acquire such a holding; or (b) that it appears to them that, if that person were to acquire such a holding, the criteria of sound and prudent management would not or might not continue to be fulfilled in respect of the company. (3) Subsections (2) to (4) of section 61 above shall (with the necessary modifications) apply for the purposes of this section as they apply for the purposes of that section.
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.
Sign in to file itThink it through
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.