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New Clause 19 - Interpretation

Water Bill – in a Public Bill Committee at 3:30 pm on 12th December 2013.

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‘(1) The Secretary of State may by regulations define for the purposes of this Part—

“insurer”;

“relevant insurer”.

(2) Before making regulations under subsection (1) as to the meaning of “relevant insurer”, the Secretary of State must consult such persons as the Secretary of State thinks appropriate.

(3) The Secretary of State may by regulations define for the purposes of sections (The Flood Reinsurance Scheme)  to (Disclosure of information: preparatory purposes)—

“flood insurance”;

“household premises”.

(4) The Secretary of State may by regulations define for the purposes of sections (Flood insurance obligations) to (Intervention by the FCA or the PRA)—

“greater flood risk”;

“flood”;

“flood risk”;

“household premises”;

“insurance policy”;

“issue”, in relation to an insurance policy;

“the qualifying interest”, in relation to household premises.

(5) Regulations under subsection (4) as to the meaning of “flood” may specify descriptions of water that are, or are not, to be taken into account.

(6) In sections (Flood insurance obligations) to (Intervention by the FCA or the PRA)—

“the FCA” means the Financial Conduct Authority;

“the PRA” means the Prudential Regulation Authority;

“registered premises” means premises registered in the register maintained under section (Register of premises subject to greater flood risk);

“risk band” has the meaning given by section (Register of premises subject to greater flood risk)(2).’.—(Dan Rogerson.)

Brought up, read the First and Second time, and added to the Bill.