2For paragraph 3 there shall be substituted—
“3(1)Section 4 (protection confined to insurance under qualifying policies of protected risks or commitments) shall be amended as follows.
(2)In subsection (2), at the end there shall be inserted “, and
(c)a contract of insurance with a friendly society entered into through an establishment in—
(i)the United Kingdom,
(ii)another EEA State, or
(iii)the Channel Islands or the Isle of Man.”
(3)In subsection (3)—
(a)in paragraph (a), after “above” there shall be inserted “, or a contract falling within subsection (2)(c)(i) above”,
(b)in paragraph (b), after “above” there shall be inserted “, or a contract falling within subsection (2)(c)(ii) above”, and
(c)in paragraph (c), after “above” there shall be inserted “or a contract falling within subsection (2)(c)(iii) above”.”