Corporation Tax Act 2009 section 133I

Meaning of "insurance company"

Section 133I defines what qualifies as an "insurance company" for the purposes of the excluded company rules in section 133F, covering different regulatory frameworks that have applied over time.

• An insurance company is a person who effects or carries out contracts of insurance and holds the appropriate UK regulatory authorisation under the Financial Services and Markets Act 2000 (FISMA 2000)
• EEA firms with passport rights or firms with Treaty rights also qualify, provided they carry on insurance activities in the UK through a permanent establishment
• For the period from 1 December 2001 to 31 March 2013, the relevant FISMA authorisation was under Part 4 rather than the current Part 4A
• Before 1 December 2001, the definition is based on authorisation under the Insurance Companies Act 1982, including EC companies permitted to operate through a UK branch or provide insurance in the UK