The Act of 1997 is amended by inserting the following section after section 470A:
"470B.
(1) In this section -
'age-related tax credit' has the same meaning as in subsection (4);
'authorised insurer' means any undertaking (not being a restricted membership undertaking) entered in The Register of Health Benefits Undertakings, lawfully carrying on such business of medical insurance referred to in the definition of ' relevant con tract ' but, in relation to an individual, also means any undertaking (not being a restricted membership undertaking) authorised pursuant to Council Directive No. 73/239/EEC of 24 July 1973 [OJ No. L228 of 16 August 1973, p.3], Council Directive No. 88/357/EEC of 22 June 1988 [OJ No. L172 of 4 July 1988, p.1], and Council Directive No. 92/49/EEC of 18 June 1992 [OJ No. L228 of 11 August 1992, p.1], where such a contract was effected with the individual when the individual was not resident in the State but was resident in another Member State of the European Commu
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