Regulation 14A Insurance payment deductionF1

In the case of a legacy benefit claimant or UC claimant, where the claimant or the claimant’s partner is in receipt of a payment under a policy of insurance taken out to insure against the risk of being unable to maintain owner-occupier payments within the meaning of Schedule 1, a deduction from the loan payment calculated under regulation 10 shall be made equal to the amount received in respect of owner-occupier payments.

Where the amount referred to in paragraph (1) is equal to or more than the loan payment, the amount of the loan payment shall be zero.