70 Flood insurance obligations
Water Act 2014 (2014 c 21) | Legislation

Flood insurance obligations

70  Flood insurance obligations

(1)     The Secretary of State may by regulations require a relevant insurer to issue in a prescribed period insurance policies that provide cover against a prescribed description of risk for a prescribed number of registered premises.

(2)     The regulations may prescribe different numbers of registered premises for different descriptions of risk.

(3)     The descriptions of risks that may be prescribed are those arising from a flood.

(4)     The regulations may provide for a prescribed number relating to a relevant insurer to be determined by reference to factors that include in particular—

(a)     a target number (see section 71);

(b)     the relevant insurer's share of insurance business of a prescribed description.

(5)     The regulations may—

(a)

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