(1) In this Act, "vehicle insurer" means an insurer or an insurer authorised in another Member State - (a) issuing policies covering risk in the State classified under class 10 in Part 1 of Schedule 1 to the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015), and (b) which is a member of the Motor Insurers’ Bureau of Ireland, other than an insurer that issues policies covering carrier's liability only.
(2) [deleted]