SCHEDULES
SCHEDULE 2Section 2: consequential amendments
3
1
Section 8 shall be amended as follows.
2
In subsection (2)—
a
after “14” there shall be inserted “and subsection (2A)”, and
b
for the words “was a United Kingdom policy at the beginning of the liquidation” there shall be substituted “is a qualifying policy”.
3
After that subsection there shall be inserted—
2A
The duty of the Board under subsection (2) above shall not apply unless the liability is in respect of a protected risk.