Part 2: Subsidy control requirements Chapter 2: Prohibitions and other requirements Section 26: Meaning of "insurance company"
This section defines insurance companies, for the purpose of sections 19 to 24.
	An insurance company is a body corporate that has permission to carry on the regulated activity of effecting or carrying out insurance contracts under the relevant provisions of the Financial Services and Markets Act 2000. Insurance companies do not include certain persons: e.g. friendly societies (under the Friendly Societies Act 1992), a registered society under the Co-operative and Community Benefit Societies Act 2014, or a member of Lloyd’s that is not a company under the Companies Acts.