SUP 4.1 Application
This chapter applies to long-term insurers (including friendly societies) and other friendly societies and to the Society of Lloyd's and managing agents at Lloyd's2. This chapter does not apply to actuaries advising the auditors of long-term insurers under IPRU(INS) 9.35(1A) or IPRU(FSOC) 5.11(2A), as they are not appointed to act on behalf of the firm.3
2Applicable sections
(1) |
Category of firm |
(2) Applicable sections |
|
(1) |
A long-term insurer, other than: |
||
(a) |
a registered friendly society which is a non-directive friendly society; |
||
(b) |
an incorporated friendly society that is a flat rate benefits business friendly society; and |
||
(c) |
|||
(2) |
A friendly society, other than a friendly society within (1). |
||
(3) 2 |
A Lloyd's managing agent, in respect of each syndicate it manages2 |
||
(4) 2 |