[130A Re-insurance in the course of transfer of BLAGAB]
Finance Act 2012 (2012 c 14) | Legislation

[130A  Re-insurance in the course of transfer of BLAGAB]

[(1)     This section applies to a re-insurer in relation to the re-insurance of the whole, or part of, a cedant's basic life assurance and general annuity business, if—

(a)     the business is not excluded business for the purposes of section 57(2)(e), and

(b)     it is reasonable to suppose that the arrangements for the re-insurance are made, or are operated, in connection with an insurance business transfer scheme under which the business will be transferred to the re-insurer or a person connected with the re-insurer.

(2)     Where the arrangements are operated, but were not made, in connection with the

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