# The Insurers (Reorganisation and Winding Up) Regulations 2003, Regulation 20: Preferential debts: disapplication of section 175 of the Insolvency Act 1986


Except to the extent that they are applied by regulation 27, Section 175 of the 1986 Act or Article 149 of the 1989 Order (preferential debts (general provision)) do not apply in the case of a winding up of a UK insurer, and instead the provisions of regulations 21 to 26 have effect.

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Source: https://www.legislation.gov.uk/uksi/2003/1102/regulation/20 (the official version)
Page: https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.