Section 26(1) of the Principal Act is amended as follows:

(a) by omitting subparagraph (ii) from paragraph (a) and substituting the following subparagraph:

(ii) under which the amount payable in respect of that occupational liability is not less than an amount (the " limitation amount " ), being a reasonable charge for the services provided by the person, or which the person failed to provide, and to which the cause of action relates, multiplied by the multiple specified in the scheme in relation to the class of person and the kind of work to which the cause of action relates; or

(b) by omitting subparagraph (ii) from paragraph (c) and substituting the following subparagraph:

(ii) the net current market value of the assets and the amount payable under the policy in respect of that occupational liability, if combined, would total an amount that is not less than the limitation amount –