Article 5 Amendments to section 632

After subsection (2A) of section 632 there shall be inserted—

“(2B)

For the purposes of this section—

(a)

references to an EC company shall be construed in accordance with section 2(6) of the Insurance Companies Act 1982^f1;

(b)

references to long term business shall be construed in accordance with section 1(1) of that Act;

(c)

references to the provision of long term insurance in the United Kingdom shall be construed in accordance with section 96A(3A) of that Act^f2.”