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Policyholders Protection Act 1975

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This is the original version (as it was originally enacted).

7Third-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 [1972 c. 20.] Road Traffic Act 1972 (duty of insurers to satisfy judgment against persons insured or secured against third-party risks); or

(b)section 83 of the [1970 c. 2 (N.I.).] Road Traffic Act (Northern Ireland) 1970 (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.

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