Part XXIV Insolvency

Supplemental provisions concerning insurers

F1377JFurther provision about write-down orders

In Schedule 19B—

(a)

Part 1 makes provision about the enforcement of a liability of an insurer while a write-down order has effect;

(b)

Part 2 makes provision about the disposal of an insurer’s assets and the making of certain payments by an insurer while a write-down order has effect;

(c)

Part 3 makes provision about the treatment of an insurer’s liabilities for the purposes of certain provisions relating to insolvency while a write-down order has effect;

(d)

Part 4 makes provision about interest payable in respect of liabilities reduced under a write-down order or prevented from being enforced while a write-down order has effect.