http://www.legislation.gov.uk/ukpga/1994/9/schedule/21/paragraph/5
Finance Act 1994
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.
1994-05-03
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SCHEDULES
SCHEDULE 21 Lloyd’s underwriters: individuals
Stop-loss and quota share insurance
5
1
In subsection (2) of section 178 of the 1993 Act (stop-loss and quota share insurance)—
a
for the word “him” there shall be substituted the words “
a member
”
; and
b
for the word “arose” there shall be substituted the words “
was declared
”
.
2
This paragraph has effect as respects insurance money and other amounts payable in respect of losses declared in the underwriting year 1997 or subsequent underwriting years.