SCHEDULES

SCHEDULE 21Lloyd’s underwriters: individuals

Stop-loss and quota share insurance

5

(1)

In subsection (2) of section 178 of the 1993 Act (stop-loss and quota share insurance)—

(a)

for the word “him” there shall be substituted the words “a member”; and

(b)

for the word “arose” there shall be substituted the words “was declared”.

(2)

This paragraph has effect as respects insurance money and other amounts payable in respect of losses declared in the underwriting year 1997 or subsequent underwriting years.