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Amendment of section 74 (exemption of certain policies of assurance) of Principal Act.
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88.— Section 74 of the Principal Act is amended in subsection (1) by substituting the following for the definition of “new policy”:
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“ ‘new policy’ means—
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(a) a policy of assurance on the life of any person issued, or
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(b) a contract within the meaning of Article 2(2)(b) of Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 9
entered into,
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on or after 1 January 2001 by an assurance company in the course of carrying on the business of life assurance;”.
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9 OJ No. L345, 19.12.2002, p.1 |
