Section 125A of the Principal Act is amended -

(a) in subsection (1) by substituting the following for the definition of "accounting period":

"'accounting period' means the first accounting period or a subsequent accounting period, as the case may be;",

(b) in subsection (1) by substituting the following for the definition of "due date":

"'due date' means -

(a) in relation to the first accounting period, 21 May 2013, and

(b) in relation to a subsequent accounting period, the 21st day of the second next month following the end of the accounting period;",

(c) in subsection (1) by substituting the following for the definition of "specified rate":

"'specified rate' means -

(a) in respect of relevant contracts renewed or entered into on or after 1 January 2013 and on or before 30 March 2013 -

(i) €95 in respect of an insured person aged less than 18 years, and

(ii) €285 in respect of an insured person aged 18 years or over,

and

(b) in respect of relevant contracts renewed or entered into after 30 March 2013 -