Insurance Act, 1981

Amendment of section 2 of Insurance (Amendment) Act, 1978.

3.Section 2 (1) (a) (ii) (C) of the Insurance (Amendment) Act, 1978 , is hereby amended by the substitution of “primary” for “sole”, and that section as so amended, is set out in the Table to this section.

TABLE

(C) to secure the due payment or repayment by a person on foot of a contract of a sum of money (including interest) which is certain or ascertainable (and whether in the currency of the State or in any other currency), the said payment or repayment being the primary obligation of the person under the contract, or