# Finance Act 1994, Paragraph 5


(1) In subsection (2) of section 178 of the 1993 Act (stop-loss and quota share insurance)—
(a) for the word “him” there shall be substituted the words “ a member ”; and
(b) for the word “arose” there shall be substituted the words “ was declared ”.
(2) This paragraph has effect as respects insurance money and other amounts payable in respect of losses declared in the underwriting year 1997 or subsequent underwriting years.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/21/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-21/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.