Duties of the Board in case of companies F3and friendly societies in liquidation
7 Third-party rights against insurance companies in road traffic cases.
Without prejudice to section 6 above, but subject to sections 9, 13 and 14 below, it shall be the duty of the Board to secure that a sum equal to the full amount of any liability of a company in liquidation in respect of a sum payable to a person entitled to the benefit of a judgment under—
a
b
F2Article 98 of the Road Traffic (Northern Ireland) Order 1981 (court orders for recovery from insurers of sums due under unsatisfied judgments against persons insured or secured by them);
is paid to that person as soon as reasonably practicable after the beginning of the liquidation.
Duties of the Board in case of companies in liquidation
7 Third-party rights against insurance companies in road traffic cases.
Without prejudice to section 6 above, but subject to sections 9, 13 and 14 below, it shall be the duty of the Board to secure that a sum equal to the full amount of any liability of a company in liquidation in respect of a sum payable to a person entitled to the benefit of a judgment under—
a
section 149 of the M1Road Traffic Act 1972 or section 151 of the Road Traffic Act 1988 (duty of insurers to satisfy judgment against persons insured or secured against third-party risks); or
b
Article 98 of the Road Traffic (Northern Ireland) Order 1981 (court orders for recovery from insurers of sums due under unsatisfied judgments against persons insured or secured by them);
is paid to that person as soon as reasonably practicable after the beginning of the liquidation.
Words in cross heading preceding s. 5 inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 4 (with ss. 7(5), 93(4))