INSURANCE COMPANIES ACT (NORTHERN IRELAND) 1968 - SECT 44 Supplemental provisions as to winding up.

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INSURANCE COMPANIES ACT (NORTHERN IRELAND) 1968 - SECT 44

Supplemental provisions as to winding up.

44.Subs.(1) rep. by 1976 NI3 art.95(2) sch.2

[(2) Where an insurance company to which this Act applies is being wound up by
the court, or subject to the supervision of the court, or voluntarily, the
value of a policy of any class or of a liability under such a policy requiring
to be valued in the winding up shall be estimated in the manner applicable to
policies and liabilities of that class provided by Schedule 3.

(3) The rules in Schedules 3 and 4 shall be of the same force, and may be
revoked or amended, as if they were rules made in pursuance of section 21 of
the Interpretation Act (Northern Ireland) 1954 (which confers power on a
rule-making authority to make rules regulating the practice and procedure of a
court in certain cases); and rules may be made under that section for the
purpose of carrying into effect the provisions of this Act with respect to the
winding up of insurance companies.]

S.45 rep. by 1976 NI3 art.95(2) sch.2

Part VII (ss.4653) rep. by 1976 NI3 art.95(2) sch.2; 1979 NI13 art.55 sch.10;
1980 c.25 s.4(3) sch.5

Ss.5472 rep. by 1969 c.48 s.137 sch.8 Pt.I; 1973 c.58 s.54 schs.3,5; 1976 NI3
art.95(2) sch.2; 1978 c.23 s.122(2) sch.7 Pt.II; 1980 c.25 s.4(3) sch.5

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Northern Irish Legislation

INSURANCE COMPANIES ACT (NORTHERN IRELAND) 1968 - SECT 44