Finance Act 2006
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Definition of assurance company. |
59.— (1) The Principal Act is amended― | |
(a) in section 588(1) by substituting for the definition of “assurance company” the following definition: | ||
“ ‘assurance company’ means― | ||
(a) an assurance company within the meaning of section 3 of the Insurance Act 1936 , or | ||
(b) a person that holds an authorisation within the meaning of the European Communities (Life Assurance) Framework Regulations 1994 ( S.I. No. 360 of 1994 );”, | ||
(b) in section 594(1)(c)(i) by substituting for the definition of “assurance company” the following definition: | ||
“ ‘assurance company’ means― | ||
(I) an assurance company within the meaning of section 3 of the Insurance Act 1936 , or | ||
(II) a person that holds an authorisation within the meaning of the European Communities (Life Assurance) Framework Regulations 1994 ( S.I. No. 360 of 1994 );”, | ||
(c) in section 706(1) by substituting for the definition of “assurance company” the following definition: | ||
“ ‘assurance company’ means― | ||
(a) an assurance company within the meaning of section 3 of the Insurance Act 1936 , or | ||
(b) a person that holds an authorisation within the meaning of the European Communities (Life Assurance) Framework Regulations 1994 ( S.I. No. 360 of 1994 );”, | ||
and | ||
(d) in section 902B(1) by substituting for the definition of “assurance company” the following definition: | ||
“ ‘assurance company’ means― | ||
(a) an assurance company within the meaning of section 3 of the Insurance Act 1936 , or | ||
(b) a person that holds an authorisation within the meaning of the European Communities (Life Assurance) Framework Regulations 1994 ( S.I. No. 360 of 1994 );”. | ||
(2) (a) Paragraphs (a), (b) and (c) of subsection (1) are deemed to have applied as on and from 20 December 2000. | ||
(b) Paragraph (d) of subsection (1) applies as on and from the passing of this Act. |