Insurance (Export Guarantees) Act, 1988

Export guarantees.

1.—(1) Section 2 of the Insurance Act, 1953 , is hereby amended by the substitution, for subsection (3), of the following subsection:

“(3) The aggregate amount of the liability at any time of the Minister in respect of arrangements under this section shall not exceed £500,000,000.”.

(2) Section 2 of the Insurance Act, 1981 , is hereby repealed.