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.