Section 1 of the Act of 1964 is amended by the insertion of the following definitions:
"'Act of 2024' means the Motor Insurance Insolvency Compensation Act 2024;
'Compensation Body' has the meaning assigned to it by the Act of 2024;
'compensation body (other)' has the meaning assigned to it by the Act of 2024;
'insurer (domestic)' has the meaning assigned to it by the Act of 2024;
'MTPL insurance obligation' has the meaning assigned to it by the Act of 2024;
'relevant insurer' has the meaning assigned to it by the Act of 2024;
'relevant purposes' has the meaning assigned to it by the Act of 2024;
'winding-up proceedings' has the meaning assigned to it by the Act of 2024;".