These Regulations designate the Flood Reinsurance Scheme and the Flood Reinsurance Scheme administrator for the purposes of Part 4 (flood insurance) of the Water Act 2014 (c.21). The Scheme is established for the purpose of providing reinsurance to relevant insurers in respect of such risks arising from a flood as are identified by the scheme. The Scheme administrator ( Flood Re Limited) will manage the Scheme.
United Kingdom of Great Britain and Northern Ireland · 2015-11-10