# The Insurers (Reorganisation and Winding Up) Regulations 2003, Regulation 36: Interpretation of this Part


(1) For the purposes of this Part—
(a) “affected insurer” means a UK insurer which is the subject of a relevant reorganisation or winding up;
(b) “relevant reorganisation” or “relevant winding up” means any voluntary arrangement, administration order, winding up, or order referred to in regulation 34(1)(d) to which this Part applies; and
(c) “relevant time” means the date of the opening of a relevant reorganisation or a relevant winding up
(2) In this Part, references to the opening of a relevant reorganisation or a relevant winding up mean—
(a) in the case of winding up proceedings—
(i) in the case of a winding up by the court, the date on which the winding up order is made, or
(ii) in the case of a creditors' voluntary winding up, the date on which the liquidator is appointed in accordance with section 100 of the 1986 Act or Article 86 of the 1989 Order;
(b) in the case of a voluntary arrangement, the date when a decision with respect to that voluntary arrangement has effect in accordance with section 4A(2) of the 1986 Act;
(c) in a case where an administration order under section 8 of the 1986 Act or Article 21 of the 1989 Order is in force, the date of the making of that order;
(d) in a case where the court reduces the value of one or more of the contracts of a UK insurer under section 377 of the 2000 Act or section 24(5) of the Friendly Societies Act 1992, the date the court exercises that power; and
(e) in a case where a provisional liquidator has been appointed, the date of that appointment,
and references to the time of an opening must be construed accordingly.

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Source: https://www.legislation.gov.uk/uksi/2003/1102/regulation/36 (the official version)
Page: https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003/regulation-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.