{
  "url": "https://openlegislation.uk/insurers-winding-up-rules-2001/article-12",
  "json_url": "https://openlegislation.uk/insurers-winding-up-rules-2001/article-12.json",
  "legislation": "uksi/2001/3635",
  "legislation_title": "The Insurers (Winding Up) Rules 2001",
  "legislation_url": "https://openlegislation.uk/insurers-winding-up-rules-2001",
  "path": "article/12",
  "kind": "article",
  "number": "12",
  "heading": "Actuarial advice",
  "text": "(1) Before doing any of the following, that is to say—\n(a) determining the value of a policy in accordance with Schedules 1 to 5 (other than paragraph 3 of Schedule 1);\n(b) identifying long-term liabilities and assets in accordance with rules 9 and 10;\n(c) determining the amount (if any) of the excess of the long-term business assets in accordance with rule 11;\n(d) determining the terms on which he will accept payment of overdue premiums under rule 21(1) or the amount and nature of any compensation under rule 21(2);\nthe liquidator shall obtain and consider advice thereon (including an estimate of any value or amount required to be determined) from an actuary.\n(2) Before seeking, for the purpose of valuing a policy, the direction of the court as to the assumption of a particular rate of interest or the employment of any rates of mortality or disability, the liquidator shall obtain and consider advice thereon from an actuary.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3635/article/12",
    "retrieved_at": "2026-10-29T07:25:12.373421+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}