358.—(1) Paragraph 5 of Schedule 1 to the Social Security (Recovery of Benefits) Act 1997 is amended as follows.
(2) The existing provision becomes sub-paragraph (1).
(3) In that sub-paragraph—
(a)for “insurance company within the meaning of the Insurance Companies Act 1982” substitute “insurer”; and
(b)for “the company” substitute “the insurer”.
(4) After that sub-paragraph, insert—
“(2) “Insurer” means—
(a)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or
(b)an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance.
(3) Sub-paragraph (2) must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act.”.