58Insurers in financial difficultiesU.K.
This section has no associated Explanatory Notes
(1)Schedule 12 makes provision about the powers of the court in relation to liabilities of an insurer that is, or is likely to become, unable to pay its debts (an order made in exercise of these powers is a “write-down order”).
(2)Schedule 13 makes provision about the enforcement of contracts to which an insurer is a party, where the insurer is subject to a write-down order or to certain insolvency proceedings.
Commencement Information
I1S. 58 in force at 29.8.2023, see s. 86(2)(e)