INSURANCE (EXPORT GUARANTEES) ACT, 1988

Export guarantees.

Export guarantees.

1

1.—(1) Section 2 of the Insurance Act, 1953, is hereby amended by the substitution, for subsection (3), of the following subsection

“(3) The aggregate amount of the liability at any time of the Minister in respect of arrangements under this section shall not exceed £500,000,000.”.

(2) Section 2 of the Insurance Act, 1981, is hereby repealed.

Short title and collective citation.

Short title and collective citation.

2

2.—(1) This Act may be cited as the Insurance (Export Guarantees) Act, 1988.

(2) The Insurance Acts, 1909 to 1985, and this Act may be cited together as the Insurance Acts, 1909 to 1988.