Paragraph 8

Section 15 shall be amended as follows.

In subsection (2), for paragraphs (a) and (b) there shall be substituted

“if he is a policyholder in respect of a general policy or a long term policy of a company in liquidation or provisional liquidation which—

(a)

is a qualifying policy, and

(b)

relates to the insurance of a protected risk or commitment.”

In subsection (3), after “may” there shall be inserted “ , in relation to the insurance of a protected risk or commitment ”.