Paragraph 2

United Kingdom

(1)

Section 6 shall be amended as follows.

(2)

In subsection (6), for “subsection (8)” there shall be substituted “ subsections (8) and (8A) ”.

(3)

In subsection (8)—

(a)

in paragraph (a), for “was a United Kingdom policy at the beginning of the liquidation” there shall be substituted “ is a qualifying policy ”, and

(b)

in paragraph (b), for “United Kingdom policy at the beginning of the liquidation” there shall be substituted “ qualifying policy ”.

(4)

After that subsection there shall be inserted—

“(8A)
The duty of the Board under subsection (6) above shall not apply unless the liability is in respect of a protected risk.”

(5)

In subsection (9)—

(a)

for “were United Kingdom policies at any time” there shall be substituted “ are qualifying policies ”, and

(b)

in paragraph (a), for “United Kingdom policies at the time in question” there shall be substituted “ qualifying policies ”.

Notes on the whole Act