Suggest a correction

Power to require returns under regulation 17 to be rectified

Insurance (Approved Marine, Aviation and Transit Insurers) Regulations

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Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) If it appears to the Authority that any document lodged or submitted under regulation 17 —(a)is, in any particular, unsatisfactory, incomplete, inaccurate or misleading; or (b)does not comply with the requirements of these Regulations, the Authority may, by notice in writing, require such explanations as it may consider necessary to be made by or on behalf of the approved MAT insurer within such time (not being less than 21 days) as is specified in the notice. (2) The Authority may, after considering the explanations referred to in paragraph (1), or if such explanations have not been given by or on behalf of the insurer within the time specified in that paragraph, reject the document or give such directions as it may think necessary for its variation within such time (not being less than one month) as is specified in the directions. (3) Directions given under paragraph (2) with respect to any document may require such consequential variations of any other document lodged or submitted by the insurer under regulation 17 as may be specified in the directions. (4) Where directions are given under paragraph (2), any document to which they relate shall be deemed not to have been lodged until it is re-submitted with the variations required by the directions, but the insurer shall be deemed to have submitted the document within the time limited by regulation 18 if it is re-submitted with the required variations within the time limited by the directions.

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