(1) In the case of a risk situated in the State, the provisions of these Regulations regarding large risks shall apply to the leading insurer participating in a Community coinsurance operation.
(2) The European Communities (Coinsurance) Regulations, 1983 are hereby amended by the insertion in Article (4) (1) after "leading insurer who is the holder of an authorisation" the words "granted by a supervisory authority of a member State of the European Communities".
(3) The European Communities (Coinsurance) Regulations, 1983 are hereby amended by the deletion of subarticle (2) of Article 4.
(4) The European Communities (Coinsurance) Regulations, 1983 are hereby amended by the deletion of paragraph 2 of the Schedule and by the substitution of the following for paragraph 3 of the Schedule:
"The criteria referred to in paragraph 1 (b) of this Schedule are:
- The policyholder pursues an independent occupation of a commercial, industrial or professional nature and the risk covered relate