Insurance Act, 1964

Amendment of section 27 of Act of 1936.

11.—(1) Section 27 of the Act of 1936 is hereby amended by—

(a) the substitution of “one hundred thousand pounds” for “twenty thousand pounds” and the deletion of “mechanically propelled vehicle insurance business,” in subsection (1),

(b) the deletion of subsection (2), and

(c) the substitution for subsection (4) of the following subsection, namely:

“(4) in subsection (3) of this section ‘relevant assurance business’ means any assurance business other than life assurance business, industrial assurance business, bond investment business and glass insurance business.”

(2) This section shall come into operation six months after the date of the passing of this Act.