5So long as paragraph 4 above applies to a company and a class of long term business carried on by it, then, in relation to that company and that business, the grounds for withdrawal of authorisation set out in section 11(2) of this Act shall be deemed to include the grounds set out in section 28(1 )(a) and (2) of the [1974 c. 49.] Insurance Companies Act 1974 as in force immediately before 1st January 1982.