(1)This section applies where a nominated beneficiary who has taken over an application dies or, as the case may be, ceases to exist.
(2)Where the nominated beneficiary dies or, in the case of a person other than an individual, ceases to exist while the application in relation to which the person is nominated is ongoing, it brings the application to an end.
(3)Where an individual is the nominated beneficiary and the individual dies—
(a)after accepting an offer of a redress payment in accordance with section 50(1), but
(b)before the redress payment is paid,
the redress payment is to be paid to the individual’s estate.
(4)For the purpose of this section, the question of whether an application is ongoing is to be determined in accordance with section 66(6) and (7).