Insurance Business (Amendment No. 5) (Jersey) Law 2007

Insurance Business (Amendment No. 5) (Jersey) Law 2007

A LAW to amend further the Insurance Business (Jersey) Law 1996.

Adopted by the States                                          14th September 2006

Sanctioned by Order of Her Majesty in Council 14th December 2006

Registered by the Royal Court                                12th January 2007

THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law –

1        Interpretation

In this Law, “principal Law” means the Insurance Business (Jersey) Law 1996[1].

2        Article 2 amended

For Article 2(1) of the principal Law, there shall be substituted the following paragraph –

“(1)    The States may by Regulations amend –

(a)     a definition and an ancillary provision in Article 1;

(b)     Schedule 1; and

(c)     Schedule 2.”.

3        Schedule 2 amended

In paragraphs 4(c), 6(a) and 11 of Schedule 2 to the principal Law, for the word “Minister” in each place where it appears, there shall be substituted the word “Commission”.

4        Citation and commencement

This Law may be cited as the Insurance Business (Amendment No. 5) (Jersey) Law 2007 and shall come into force on the seventh day following its registration.

a.h. harris

Deputy Greffier of the States

 


 



[1]                                    chapter 13.425


Page Last Updated: 04 Jun 2015