(1) Subject to the provisions of this section, every assurance company which carries on or proposes to carry on assurance business in Saorstát Eireann shall deposit and shall (while such company so carries on the class of assurance business to which any sum deposited under this section relates) keep deposited with the Accountant of the Courts of Justice such one or more of the following sums as is or are applicable to the class or classes of assurance business so carried on by such company, that is to say: -
(a) the sum of one hundred thousand pounds in respect of one or both of the following classes of assurance business, that is to say, life assurance business and industrial assurance business, and
(b) the sum of one hundred thousand pounds in respect of any one or more than one class of assurance business other than life assurance business, industrial assurance business and glass insurance business.
(c) [deleted]
(2) Section 2 (which relates to deposits) of the Act of 1909, as ame
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