Amendments to section 6325

After subsection (2A) of section 632 there shall be inserted—

2B

For the purposes of this section—

a

references to an EC company shall be construed in accordance with section 2(6) of the Insurance Companies Act 19825;

b

references to long term business shall be construed in accordance with section 1(1) of that Act;

c

references to the provision of long term insurance in the United Kingdom shall be construed in accordance with section 96A(3A) of that Act6.