Insurance Companies Amendment Act 1973 (1973 c. 58)

1—35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F2] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.) by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

Miscellaneous

36—49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.) by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

50 Validation of certain group policies.

(1) Section 2 of the Life Assurance Act 1774 (policy on life or lives or other event or events not valid unless name or names of assured etc. inserted when policy is made) shall not invalidate a policy for the benefit of unnamed persons from time to time falling within a specified class or description if the class or description is stated in the policy with sufficient particularity to make it possible to establish the identity of all persons who at any given time are entitled to benefit under the policy.

[M1] 1774 c. 48.

(2) This section applies to policies effected before the passing of this Act as well as to policies effected thereafter.

51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F4] Act, except ss. 50 and 57(1), repealed (N.I.) by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

[F5] S. 51 repealed (1.12.2001) by S.I. 2001/3647, art. 5, Sch. 3 para. 11

Supplementary

52—53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F6] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.) by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

54 Minor and consequential amendments and repeals.

[F7] S. 54 repealed (5.11.1993) by 1993 c. 50, s. 1(1), Sch. 1 Pt.V.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F8] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.), by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F9] S. 56 repealed by Insurance Companies Act 1980 (c. 25, SIF 67), s. 4(3), Sch. 5

57 Short title, citation and commencement.

(1) This Act may be cited as the Insurance Companies Amendment Act 1973.

(2)–(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F10] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.), by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

Schedules

SCHEDULE 1 Minor and Consequential Amendments

[F11] Sch. 1 repealed (5.11.1993) by 1993 c. 50, s. 1(1), Sch. 1 Pt.V.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F12] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.), by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F13] Sch. 1 para. 15 repealed by Insurance Act 1980 (c. 25, SIF 67), s. 4(3), Sch. 5 Pt. I

16 In section 111(1) of the Act of 1967—

(a) after the words “the Protection of Depositors Act 1963” where they first occur there shall be inserted the words “or section 20(2) to (4) of the Insurance Companies Amendment Act 1973”;

(b) in paragraphs (a) and (c) after the words “this Act” there shall be inserted the words “or the Insurance Companies Amendment Act 1973”;

(c) in paragraph (c) for the words “consider whether or not they should exercise with respect to the body” there shall be substituted the word “exercise”.

17 In section 116 of the Act of 1967—

(a) in subsection (1) after the words “of this Act” there shall be inserted the words “or any requirements imposed under section 20(2) to (4) of the Insurance Companies Amendment Act 1973”;

(b) in subsection (2) at the end there shall be added the words “or section 20(2) to (4) of the Insurance Companies Amendment Act 1973”.

SCHEDULE 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F16] Act, except ss. 50, 51, 54(1), 56, 57(1), Sch. 1 paras. 15–17, Schs. 3–5, repealed (E.W.S.) by Insurance Companies Act 1974 (c. 49), Sch. 2; Act, except ss. 50 and 57(1), repealed (N.I.), by S.I. 1976/59 (N.I. 3), art. 95(2), Sch. 2

SCHEDULES 3—5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F17] Schedules 3—5 repealed by Insurance Act 1980 (c. 25, SIF 67), s. 4(3), Sch. 5