# The Insurers (Winding Up) Rules 2001, Paragraph 1


Subject to paragraphs 2 and 3, in valuing a policy Schedules 2, 3 or 4 shall apply according to the class of that policy as if those Schedules were herein repeated but with a view to a fresh valuation of each policy on appropriate assumptions in regard to all relevant factors and subject to the following modifications—
(a) references to the stop order shall be substituted for references to the liquidation date,
(b) in paragraph 4 of Schedule 2 for the words “whereby the policy holder can secure a guaranteed cash payment within the period of 12 months beginning with that date” there shall be substituted the words “to surrender the policy which can be exercised on that date”,
(c) paragraph 6(2) of Schedule 2 shall be deleted, and
(d) paragraph 1(2) of Schedule 3 shall be deleted.

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Source: https://www.legislation.gov.uk/uksi/2001/3635/schedule/5/paragraph/1 (the official version)
Page: https://openlegislation.uk/insurers-winding-up-rules-2001/schedule-5/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.