For the purposes of sections 93 and 94 of the Insurance Act 1936, and whenever the context so requires, every insurance policy, bond, certificate or other instrument of insurance issued by an insurance undertaking carrying on business either by way of services or by way of establishment in respect of risks situated in the State shall be deemed to be issued in the State, and all moneys which become or may become due and payable by such insurance undertaking or syndicate under such insurance policy shall be payable and paid in the State, unless the policy otherwise provides.