{
  "url": "https://openlegislation.uk/insurers-winding-up-rules-2001/article-8",
  "json_url": "https://openlegislation.uk/insurers-winding-up-rules-2001/article-8.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/8",
  "kind": "article",
  "number": "8",
  "heading": "Valuation of long-term policies",
  "text": "(1) This rule applies in relation to a company’s long-term business where a stop order has been made.\n(2) In relation to a claim under a policy which has fallen due for payment on or after the liquidation date and before the date of the stop order, a policy holder shall be admitted as a creditor without proof for such amount as appears from the records of the company and of the liquidator to be due in respect of that claim.\n(3) In all other respects a policy holder shall be admitted as a creditor in relation to his policy without proof for an amount equal to the value of the policy and for this purpose the value of a policy of any class shall be determined in the manner applicable to policies of that class provided by Schedule 5.\n(4) Paragraph (4) of rule 7 applies for the purposes of this rule as if references to the liquidation date (other than that in sub-paragraph (b) of that paragraph) were references to the date of the stop order.",
  "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/8",
    "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."
}