SCHEDULES
SCHEDULE 2 Section 2: consequential amendments
5
1
Section 10 shall be amended as follows.
2
In subsection (2)—
a
after “14” there shall be inserted “
and subsection (2A)
”
, and
b
for “was a United Kingdom policy at the beginning of the liquidation” there shall be substituted “
is a qualifying policy
”
.
3
After that subsection there shall be inserted—
2A
The duty of the Board under subsection (2) above shall not apply unless the liability is in respect of a protected commitment.