Insurance Act, 1989
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Amendment of Friendly Societies Act, 1896. |
28.—The Friendly Societies Act, 1896 , is hereby amended by the insertion of the following section after section 8: | |
“Restrictions on registration. | ||
8A. Notwithstanding section 8 of this Act: | ||
(1) No society shall be registered under this Act for any of the purposes referred to in section 8 (1) (a) or section 8 (1) (e) of this Act unless the registrar of friendly societies is satisfied that the society is a society to which Article 2.2 (b), Article 2.2 (c) or Article 3 of Council Directive 73/239/EEC1 refers. | ||
(2) No society shall be registered under this Act for any of the purposes referred to in section 8 (1) (b) or section 8 (1) (d) of this Act unless the registrar of friendly societies is satisfied that the society is a society to which Article 2.2, Article 2.3 or Article 3 of Council Directive 79/267/EEC 2 refers, or is a society in respect of which the Minister for Industry and Commerce has indicated that he will issue an authorisation under the European Communities (Life Assurance) Regulations, 1984. | ||
(3) No society registered under this Act shall be authorised to carry on any insurance business falling under the description of insurance of Class III, IV or VII of Schedule 1 to the European Communities (Life Assurance) Regulations, 1984, unless it has obtained an authorisation under those Regulations for that purpose.”. | ||