11(1)In Schedule 1, paragraph 1 shall be amended as follows.
(2)In sub-paragraph (2), for “authorised insurance companies”, in both places, there shall be substituted “insurance companies to which this Act applies”.
(3)In sub-paragraph (4), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.
(4)In sub-paragraph (5)—
(a)for “authorised insurance companies” there shall be substituted “insurance companies to which this Act applies”, and
(b)for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.