Article 98 Payments under certain life insurance policiesI1

Amend section 79 (payments under certain life insurance policies) as follows.

In subsection (5) for paragraph (a) substitute—

“(a)

is a contract which falls within paragraph I or III of Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.

In subsection (6) for the words from “of a” to the end substitute “which falls within Part I or II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 other than a contract which falls within paragraph I or III of Part II of that Schedule.”.