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3. In section 179B (conversion to limited liability underwriting)(1)—
(a)after “underwriting” insert “or a Lloyd’s partnership converts to underwriting through a company”, and
(b)in the heading, for “limited liability underwriting” substitute “underwriting through partnership or company”.
Section 179B was inserted by paragraph 2 of Schedule 25 to the Finance Act 2004 (c. 12).
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