71 Taxable insurance contracts: power to change definition.U.K.
(1)Provision may be made by order that—
(a)a contract of insurance that would otherwise not be a taxable insurance contract shall be a taxable insurance contract if it falls within a particular description;
(b)a contract of insurance that would otherwise be a taxable insurance contract shall not be a taxable insurance contract if it falls within a particular description.
(2)A description referred to in subsection (1) above may be by reference to the nature of the insured or by reference to such other factors as the Treasury think fit.
(3)Provision under this section may be made in such way as the Treasury think fit, and in particular may be made by amending this Part.
(4)An order under this section may amend or modify the effect of section 69 above in such way as the Treasury think fit.