# Policyholders Protection Act 1997 (repealed), Paragraph 5

Extent: E+W+S+N.I.

(1) Section 10 shall be amended as follows.
(2) In subsection (2)—
(a) after “14” there shall be inserted “ and subsection (2A) ”, and
(b) for “was a United Kingdom policy at the beginning of the liquidation” there shall be substituted “ is a qualifying policy ”.
(3) After that subsection there shall be inserted—
“(2A) The duty of the Board under subsection (2) above shall not apply unless the liability is in respect of a protected commitment.”

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Source: https://www.legislation.gov.uk/ukpga/1997/18/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/policyholders-protection-act-1997-repealed/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.