In this Act, references to—
contracts of insurance,
reinsurance,
contracts of long-term insurance,
contracts of general insurance,
are to be read with section 22 and Schedule 2.
In this Act "policy" and "policyholder", in relation to a contract of insurance, have such meaning as the Treasury may by order specify.
The law applicable to a contract of insurance, the effecting of which constitutes the carrying on of a regulated activity, is to be determined, if it is of a prescribed description, in accordance with regulations made by the Treasury.