Article 6 Valuation of general business policies

Except in relation to amounts which have fallen due for payment before the liquidation date and liabilities referred to in paragraph 2(1)(b) of Schedule 1, the holder of a general business policy shall be accepted as a creditor in relation to his policy, without submitting or lodging a claim, for an amount equal to the value of the policy and for this purpose the value of a policy shall be determined in accordance with Schedule 1.