OpenLegislation

Part IV PRIORITY OF PAYMENT OF INSURANCE CLAIMS IN WINDING UP ETC.C1

United Kingdom

  1. 17Interpretation of this Part
  2. 18Application of regulations 19 to 27
  3. 19Application of this Part: certain assets excluded from insolvent estate of UK insurer
  4. 20Preferential debts: disapplication of section 175 of the 1986 Act or Article 149 of the 1989 Order
  5. 21Preferential debts: long term insurers and general insurers
  6. 22Composite insurers: preferential debts attributable to long term and general business
  7. 23Preferential debts: long term business of a non-transferring composite insurer
  8. 24Preferential debts: general business of a composite insurer
  9. 25Insufficiency of long term business assets and general business assets
  10. 26Composite insurers: excess of long term business assets and general business assets
  11. 27Composite insurers: application of other assets
  12. 28Composite insurers: proof of debts
  13. 28AComposite insurers: seeking decisions from creditors
  14. 29Composite insurers: general meetings of creditors
  15. 30Composite insurers: apportionment of costs payable out of the assets
  16. 31Summary remedy against liquidators
  17. 32Priority of subrogated claims by the Financial Services Compensation Scheme
  18. 33Voluntary arrangements: treatment of insurance debts

Annotations

Modifications

C1

Pt. IV applied (with modifications) (10.8.2005) by The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 (S.I. 2005/1998), regs. 1, 40(1)-(11) (with reg. 32) (as amended by S.I. 2018/208, regs. 1(3), 10(10) (with reg. 21); S.I. 2019/755, regs. 1, 6(6))