Insurance (Amendment) Act 2011

Amendment of section 2 (Insurance Compensation Fund) of Principal Act.

3.— Section 2 of the Principal Act is amended—

(a) in subsection (6), by substituting the following for paragraph (a):

“(a) any sums paid under section 5 or 6,”,

(b) in subsection (6), by substituting the following for paragraph (f):

“(f) amounts referred to in sections 3A(2)(b) and 3B(2)(c) and paid to the Accountant on the winding-up of an insurer by the High Court or, as the case may be, the winding-up of an insurer authorised in another Member State,”,

and

(c) in paragraph (c) of subsection (7), by substituting “sections 3, 3A, 3B and 3C” for “section 3”.