UK Statutory Instrument
2001
United Kingdom
The Insurers (Winding Up) Rules 2001
At a glance
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 17 other Schedules — structural / supplementary
(1) This paragraph applies in relation to liabilities under a...
(1) This paragraph applies in relation to liabilities under a...
General
Present value of the ordinary benefits
Present value of additional benefits
Present value of options
Present value of premiums
Value of the policy
(1) Subject to sub-paragraph (2) the value of the policy...
(1) Where the linked liabilities are expressed in terms of...
(1) This paragraph applies where— (a) paragraph 2(2)(a) applies and...
Where the linked liabilities are not expressed in terms of...
(1) The value of any liabilities other than linked liabilities...
Subject to paragraphs 2 and 3, in valuing a policy...
(1) This paragraph applies where the policy holder has a...
(1) This paragraph applies in the case of a linked...
Browse 27 other sections — procedural / definitional / commencement
Citation, commencement and revocation
Interpretation
Application
Appointment of liquidator
Separation of long-term and other business in winding up
Valuation of general business policies
Valuation of long-term policies
(1) This rule applies in relation to a company’s long-term...
Attribution of liabilities to company’s long-term business
Attribution of assets to company’s long-term business
Excess of long-term business assets
Actuarial advice
Utilisation of excess of assets
In the case of a company carrying on long-term business...
Custody of assets
Maintenance of accounting, valuation and other records
Additional powers in relation to long-term business
Accounts and audit
Security by the liquidator and special manager
Proof of debts
Failure to pay premiums
Notice of valuation of policy
Dividends to creditors
Meetings of creditors
Remuneration of liquidator carrying on long-term business
Apportionment of costs payable out of the assets
Notice of stop order
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