(1) A statement of recoverable benefits or a revised statement of recoverable benefits shall be valid -
(a) in a case where, at the time of issuing the statement, no recoverable benefits have been identified -
(i) for 12 months from the date of issue of the statement of recoverable benefits or revised statement of recoverable benefits, as the case may be, or
(ii) until such time as a decision or a revised decision is given to award a specified benefit to an injured person,
whichever is the earlier,
(b) in a case where, at the time of issuing the statement, recoverable benefits have been identified and no specified benefit is being paid -
(i) for 12 months from the date of issue of the statement of recoverable benefits or revised statement of recoverable benefits, as the case may be, or
(ii) until such time as a decision or a revised decision is given to award a specified benefit to an injured person or to vary a specified benefit payable to an injured person,
whichever is the earlier,
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