153 Bankruptcy, etc., of insured or secured persons not to affect claims by third parties.E+W+S
(1)Where, after [F1a person has effected a policy of insurance or been given a security for the purposes of this Part of this Act,] [F2an event which results in that person being a relevant person for the purposes of the Third Parties (Rights against Insurers) Act 2010] happens, the happening of that event shall, notwithstanding anything in the [F3that Act] , not affect any such liability of that person as is required to be covered by a policy of insurance under section 145 of this Act.
F4(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Nothing in subsection (1) above affects any rights conferred by the [F5Third Parties (Rights against Insurers) Act 2010] on the person to whom the liability was incurred, being rights so conferred against the person by whom the policy was issued or the security was given.
Textual Amendments
F1Words in s. 153(1) substituted (30.6.2015) by Deregulation Act 2015 (c. 20), s. 115(7), Sch. 3 para. 6; S.I. 2015/994, art. 9(a) (with Sch. Pt. 3A) (as amended by S.I. 2015/1405, art. 2)
F2Words in s. 153(1) substituted (1.8.2016) by Third Parties (Rights against Insurers) Act 2010 (c. 10), s. 21(2), Sch. 2 para. 2(a); S.I. 2016/550, art. 2
F3Words in s. 153(1) substituted (1.8.2016) by Third Parties (Rights against Insurers) Act 2010 (c. 10), s. 21(2), Sch. 2 para. 2(b); S.I. 2016/550, art. 2
F4S. 153(2) repealed (1.8.2016) by Third Parties (Rights against Insurers) Act 2010 (c. 10), s. 21(2), Sch. 2 para. 2(c), Sch. 4; S.I. 2016/550, art. 2
F5Words in s. 153(3) substituted (1.8.2016) by Third Parties (Rights against Insurers) Act 2010 (c. 10), s. 21(2), Sch. 2 para. 2(d); S.I. 2016/550, art. 2
Modifications etc. (not altering text)
C1S. 153 excluded (23.6.1999) by S.I. 1999/1736, art. 8(1)(b)(2)(b)