Schedule 12, Part I, paragraph 2(3)

A certificate under sub-paragraph (1)(b) is one certifying that the appropriate regulator has received from the authority which it considers to be the authority responsible for supervising persons who effect or carry out contracts of insurance in the place to which the business is to be transferred certification that, taking the proposed transfer into account— the transferee possesses or will possess before the scheme takes effect the margin of solvency required under the law applicable in that place; or there is no such margin of solvency applicable to the transferee .

← 2 · All articles · 4 →

Source: legislation.gov.uk · retrieved 2026-09-04