Insurance Act, 1981

Amendment of section 2 (3) of Insurance Act, 1953.

2.Section 2 (3) of the Insurance Act, 1953 , is hereby amended by the substitution of “£300,000,000” for “one-hundred million pounds” (inserted by the Insurance (Amendment) Act, 1978 ), and that section, as so amended, is set out in the Table to this section.


(3) The aggregate amount of the liability at any time of the Minister in respect of arrangements under this section shall not exceed £300,000,000.