(1) The Bank shall require undertakings carrying on insurance business by way of services into the State including those undertakings referred to in subarticle 6 (c) of Article 4 of the Principal Regulations to join and participate in any scheme designed to guarantee the payment of insurance claims to policyholders and injured third parties on the same terms as established undertakings.
(2) For the purposes of this Article notwithstanding Article 2 (d) of the Second Directive, the moveable property contained in a building situated in the territory of the State, except for goods in commercial transit, shall be a risk situated in the State, even though the building and its contents are not covered by the same insurance policy.
(3) For the purposes of subarticle (1) of this Article and section 31 of the Insurance Act 1989 an insurance undertaking established in another member State carrying on business by way of services into the State in respect of risks situated in the State shall