Insurance Companies Act 1974 (repealed 5.11.1993)

Title and introductory text

Insurance Companies Act 1974 (repealed 5.11.1993) 1974 c. 49

1

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78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

88 Consequential amendments, repeals and savings.

(1) The enactments specified in Schedule 1 to this Act shall have effect subject to the amendments there specified, being amendments consequential on the provisions of this Act. (2)—(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) The foregoing provisions of this section are without prejudice to sections 16(1) and 17(2)(a) of the Interpretation Act 1978 (effect of repeals).

89 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

90 Short title, commencement and extent.

(1) This Act may be cited as the Insurance Companies Act 1974. (2) Subject to section 89 above, this Act shall come into operation at the expiration of the period of one month beginning with the date on which it is passed. (3) This Act shall . . . extend to Northern Ireland.

SCHEDULES 1 Consequential Amendments

Section 88 The Companies Act In section 433(6) of the Companies Act 1948 for the words “the Assurance Companies Act 1909” there shall be substituted the words “the Insurance Companies Act 1974”. In paragraph 24(1) of Schedule 8 to the said Act of 1948, for the words “the Insurance Companies Act 1958” there shall be substituted the words “Part II of the Insurance Companies Act 1974”. The Insurance Companies Act 1958 In section 20(2) of the Insurance Companies Act 1958, as it has effect by virtue of section 51 of the Insurance Companies Amendment Act 1973, for the words “section thirteen of this Act” there shall be substituted the words “section 44 of the Insurance Companies Act 1974” . . . . . . The The Companies Act 1967 In section 89(1) of the Companies Act 1967 for the words from “director” to “manager” there shall be substituted the words “director, chief executive or manager (as defined in the Insurance Companies Act 1974)”. In section 97 of the said Act of 1967 the words from “1(5)” to “60(2)(b) and” shall be omitted. In section 99 of the said act of 1967 the words from the beginning to “column 2 of that Part of that Schedule, and” shall be omitted. In section 110(1) of the said Act of 1967 for the words “section 20 of the Insurance Companies Amendment Act 1973” there shall be substituted the words “section 36 of the Insurance Companies Act 1974”. In section 111(1) of the said Act of 1967 for the words “section 20(2) to (4) of the Insurance Companies Amendment Act 1973” there shall be substituted the words “section 36(2) to (4) of the Insurance Companies Act 1974” and for the words “or the Insurance Companies Amendment Act 1973” (in both places) there shall be substituted the words “or the Insurance Companies Act 1974”. In section 113(1) of the said Act of 1967 for the words “the Insurance Companies Act 1958” there shall be substituted the words “Part II of the Insurance Companies Act 1974”. In section 116 of the said Act of 1967 for the words “section 20(2) to (4) of the Insurance Companies Amendment Act 1973” (in both places) there shall be substituted the words “section 36(2) to (4) of the Insurance Companies Act 1974”. The Employers’ Liability (Compulsory Insurance) Act 1969 In section 1(3)(b) of the Employers’ Liability (Compulsory Insurance) Act 1969 for the words “Part II of the Companies Act 1967” there shall be substituted the words “Part I of the Insurance Companies Act 1974”. . . .

SCHEDULE 2 Repeals

Section 88 Chapter | Short title | Extent of repeal 6 & 7 Eliz. 2. c. 72 | The Insurance Companies Act 1958. | The whole Act, so far as unrepealed, except sections 19(1), 20, 34, 36(4), (5) and (7) and 37(1) and (3). 1967 c. 81. | The Companies Act 1967. | Part II, so far as unrepealed, except sections 60(3), 86, 87, 89, 90, 91, 96, 97, 99, 102(3) and (4), 107 and 108 and the definition of “director” in section 102(2). In section 111(1)(a) the words “the Insurance Companies Act 1958”. Section 130(3). Schedule 5. Part I of Schedule 6. Part VI of Schedule 8. 1973 c. 58 | The Insurance Companies Amendment Act 1973. | The whole Act except sections 50, 51, 54(1), 56, 57(1), paragraphs 15 to 17 of Schedule 1, and Schedules 3 to 5.