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  4. Point in time
    2024-11-01

State of the commitment

180

  1. (a) if the policyholder is an individual, the State in which he had his habitual residence at that date;
  2. (b) if the policyholder is not an individual, the State in which the establishment of the policyholder to which the commitment relates was established at that date;

in this definition, "commitment" means (in accordance with article 2 of the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001 (SI 2001/3625))70 any contract of insurance of a kind referred to in UK provisions which implemented180 article 2(3) of the Solvency II Directive.131