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Policyholders Protection Act 1997

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This is the original version (as it was originally enacted).

Section 1.

SCHEDULE 1Section 1: consequential amendments

1The 1975 Act shall be amended as follows.

2In section 5(1) and (4), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

3In section 6(2), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

4In section 9(1), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

5In section 11(5), for “authorised insurance company”, in both places, there shall be substituted “insurance company to which this Act applies”.

6In section 15(1), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

7(1)Section 16 shall be amended as follows.

(2)In subsection (1), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

(3)In subsection (3), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

8In section 23(1), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

9In section 26(1), for “authorised insurance company” there shall be substituted “insurance company to which this Act applies”.

10In section 32, after subsection (1) there shall be inserted—

“(1A)In this Act, references to an insurance company to which this Act applies shall be construed in accordance with section 3(2) above.”

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”.

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