373. For paragraph (2) of Article 12 of the Road Traffic (Northern Ireland) Order 1981 (notification of refusal on health grounds) substitute—
“(2) “Authorised insurer” means an insurer who is a member of the Motor Insurers Bureau (a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946).
(3) “Insurer” means—
(a)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out relevant 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 relevant contracts of insurance.
(4) A contract is a relevant contract of insurance if the risk insured against relates to—
(a)the insured sustaining accidental injury or death as a result of travelling as a passenger;
(b)land vehicles;
(c)goods in transit; or
(d)motor vehicle liability.
(5) This Article must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any order for the time being in force under that section; and
(c)Schedule 2 to that Act.”.
374.—(1) Article 101 of the Road Traffic (Northern Ireland) Order 1981 (requirements with respect to policies of insurance) is amended as follows.
(2) For paragraph (1) substitute—
“(1) In this Part “authorised insurer” has the same meaning as in Article 12.”.
(3) In paragraph (2) the words “referred to in paragraph (1)” are repealed.