(1) Whenever a deposit is, immediately before the commencement of sections 8 and 9 of this Act, maintained in pursuance of the Act of 1936 with the Accountant by an assurance company or the Committee of Lloyd's in respect of a particular class of assurance business and the company or Committee is required by the said section 8 or 9, as the case may be, to deposit and keep deposited with the Accountant a sum of money in respect of the same particular class of assurance business, the said deposit so maintained immediately before the commencement of the said sections 8 and 9 and the investments then representing the same shall be retained by the Accountant and be deemed to be part of a deposit made in pursuance of the said section 8 or 9, as the case may be, by the company or Committee, as the case may be, in respect of the said particular class of assurance business.
(2) Immediately upon the commencement of the said sections 8 and 9, the Accountant shall, in respect of every deposit reta
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