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Paragraph 2

Original text. Later amendments are not shown.

(1)

This paragraph applies in relation to liabilities under a general business policy which arise from events which occurred before the liquidation date but which have not—

(a)

fallen due for payment before the liquidation date; or

(b)

been notified to the company before the liquidation date.

(2)

The value to be attributed to such liabilities shall be determined on such actuarial principles and assumptions in regard to all relevant factors as the court shall direct.