This document establishes the legal framework and procedural requirements for the transfer of long-term insurance business between companies within the United Kingdom. The regulations were drafted by the government of Great Britain to ensure policyholder protection and regulatory oversight during corporate restructuring or mergers. It outlines the specific statutory obligations that insurance entities must satisfy to legally move their long-term liabilities and assets to another insurer.

Legal professionals and regulatory compliance officers utilize this text as a primary source for understanding the historical statutory requirements governing insurance business transfers in the UK. It is considered a foundational regulatory instrument for those researching the evolution of insurance law during the late 20th century.