Insurance Companies Act 1982 (repealed)
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Change 1
83A Lloyd’s underwriters— insurance Directives.
The powers conferred on the Treasury orthe Secretary of State which are exercisable in relation to UK companies by sections 38 to 41, 44 and 45 above shall be exercisable in relation to the members of Lloyd’s if there is a failure by Lloyd’s to satisfy an obligation to which it is subject by virtue of any provision of the law of another member Statewhich—. (a) gives effect to the general and long term insurance Directives; or (b) is applicable to the insurance activities of Lloyd’s in that State
83A Lloyd’s underwriters— insurance Directives.
The powers conferred on the Treasury orthe Secretary of State which are exercisable in relation to UK companies by sections 38 to 41, 44 and 45 above shall be exercisable in relation to the members of Lloyd’s if there is a failure by Lloyd’s to satisfy an obligation to which it is subject by virtue of any provision of the law of another member Statewhich—. (a) gives effect to the general and long term insurance Directives; or (b) is applicable to the insurance activities of Lloyd’s in that State
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