§ 5.0 a.m.
§ Amendment made: No. 239, in page leave out from "subsection" to end of line 40.—[Mr. Darling.]2399
§ Mr. Darling
I beg to move, Amendment No. 240, in page 65, line 40, at the end to insert:() In consequence of the foregoing subsection and of the classification of insurance business effected by section 59 of this Act, the provisions of the principal Act specified in column 1 of Schedule (Amendments of Insurance Companies Act 1958 consequential on sections 59 and 70(1) of this Act) to this Act shall have effect subject to the amendments respectively specified in relation thereto in column 2 of that Schedule; and, for the purposes of those provisions, as amended by that Schedule, the expression "ordinary long-term insurance business" shall have the meaning assigned to it by section 59(6A) of this Act.With this Amendment I propose that we should take Amendments No. 269, 284, 285, 299, 300 and 301.
We can here clear up a very simple operation. Amendment No. 240 introduces a new Schedule to the Bill, separating those Schedule 5 Amendments which result from the reclassification of insurance business from the other insurance Amendments contained in Schedule 5. The other Amendments in this group are consequential upon the introduction of the new Schedule.
§ Amendment agreed to.