Insolvency Act 1985

7 (1) The [1930 c. 25.] Third Parties (Rights against Insurers) Act 1930 shall be amended as follows.

(2) In section 1 (rights of third parties against insurers on bankruptcy etc. of the insured)—

(a) in subsection (1)(b), after the words "winding-up order" there shall be inserted the words " or an administration order " and at the end there shall be inserted the words " or of a composition or scheme proposed for the purposes of Chapter II of Part II of the Insolvency Act 1985 being approved under that Chapter ";

(b) in subsection (2), for the words from " an order is made " to " law of bankruptcy " there shall be substituted the words " the estate of any person falls to be administered in accordance with an order under section 228 of the Insolvency Act 1985 " and for the words " the said Act" there shall be substituted the words " any such order ";

(c) in subsection (3), for the words from " making of an order " to " his estate " there shall be substituted the words " estate of any person falling to be administered in accordance with an order under section 228 of the Insolvency Act 1985 ".

(3) In section 2 (duty to give necessary information to third parties)—

(a) in subsection (1)—

(i) for the words from " an order being made" to " estate of any person" there shall be substituted the words " the estate of any person falling to be administered in accordance with an order under section 228 of the Insolvency Act 1985 ";

(ii) after the words "winding-up order" there shall be inserted the words " or an administration order " , and

(iii) after the word " liquidator " there shall be inserted the word " administrator, ";

and

(b) after that subsection there shall be inserted the following subsection—

“(1A) The reference in subsection (1) of this section to a trustee includes a reference to the supervisor of a composition or scheme proposed for the purposes of, and approved under, Chapter II of Part II or Chapter I of Part III of the Insolvency Act 1985.”

(4) In section 3 (settlement between insurers and insured)—

(a) after the words " winding-up order " there shall be inserted the words " or an administration order ";

(b) after the words " or winding up " there shall be inserted the words " or the day of the making of the administration order " ; and

(c) after the word " commencement", in the second place where it occurs, there shall be inserted the words " or day ".

(5) In section 4(b) (application to Scotland), for the words from " an order" to " law of bankruptcy " there shall be substituted the words " an estate falling to be administered in accordance with an order under section 228 of the Insolvency Act 1985 ".