Rule 9

Where, at the commencement of Part II of the Act of 1936, a deposit is maintained pursuant to the Assurance Companies (Deposit of Securities) Rules by an assurance company with the Accountant of the Courts of Justice in respect of life assurance business within the meaning of section 1 of the Act of 1909, and such assurance company is required by subsection (1) of section 22 of the Act of 1936 to deposit and keep deposited the sum of twenty thousand pounds in respect of each of the following classes of assurance business, that is to say, life assurance business and industrial assurance business, the said deposit maintained as aforesaid shall, for the purposes of Part II of the Act of 1936 be deemed to be a deposit made by such assurance company in respect of life assurance business as defined in section 3 of the Act of 1936.