Civil Liability Bill (HC Bill 264)

• “the FCA” means the Financial Conduct Authority;

• 20“insurer” means an institution which is authorised under the Financial
  Services and Markets Act 2000 to carry on the regulated activity of—

  (a)

  effecting or carrying out contracts of insurance as principal, or

  (b)

  managing the underwriting capacity of a Lloyd’s syndicate as a
  managing agent at Lloyd’s;

• 25“qualified auditor” means a person who is eligible for appointment as a
  statutory auditor under Part 42 of the Companies Act 2006;

• “relevant third party personal injury policy of insurance” means a third
  party personal injury policy of insurance issued by an insurer to an
  individual domiciled in England and Wales;

• 30“report period” means the period of three years beginning with 1 April
  2020;

• “report year” means a year beginning with 1 April 2020, 2021 or 2022;

• “third party personal injury policy of insurance” means a policy of
  insurance issued by an insurer which provides cover against the risk,
  35or risks that include the risk, of causing a third party to sustain personal
  injury.

12 Regulations

(1) Regulations under this Act are to be made by statutory instrument.

(2) Where regulations under this Act are subject to “negative resolution
40procedure” the statutory instrument containing the regulations is subject to
annulment in pursuance of a resolution of either House of Parliament.

(3) Where regulations under this Act are subject to “affirmative resolution
procedure” the regulations must not be made unless a draft of the statutory
instrument containing them has been laid before Parliament and approved by
45a resolution of each House of Parliament.

(4) Regulations under this Act may—

(a) make different provision for different purposes;

(b) make consequential, supplementary or incidental provision;

(c) make transitional, transitory or saving provision.

(5) Subsection (4) does not apply to regulations under section 14.

13 5Extent

(1) This Act extends to England and Wales only, subject to the following
subsections.

(2) Section 10(4)(b) and (c) extend to England and Wales and Northern Ireland.

(3) Section 10(4)(d) and (e) extend to England and Wales, Scotland and Northern
10Ireland.

(4) Sections 11(10) and 12 to 15 extend to England and Wales, Scotland and
Northern Ireland.

14 Commencement

(1) This Act comes into force on such day as the Secretary of State may by
15regulations appoint, subject to subsection (2).

(2) Part

and this Part come into force on the day on which this Act is passed.

(3) Regulations under this section may—

(a) 20appoint different days for different purposes;

(b) make transitional, transitory or saving provision.

15 Short title

(NONE) This Act may be cited as the Civil Liability Act 2018.