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Insurers (Winding Up) Rules 2001 [SI 2001 No. 3635]Introductory TextRule 1 Citation, commencement and revocationRule 2 InterpretationRule 3 ApplicationRule 4 Appointment of liquidatorRule 5 Maintenance of separate financial records for long-term and other business in winding upRule 6 Valuation of general business policiesValuation of long-term policies (rules 7-8)Rule 7Rule 8Rule 9 Attribution of liabilities to company's long-term businessRule 10 Attribution of assets to company's long-term businessRule 11 Excess of long-term business assetsRule 12 Actuarial adviceUtilisation of excess of assets (rules 13-14)Rule 13Rule 14Rule 15 Custody of assetsRule 16 Maintenance of accounting, valuation and other recordsRule 17 Additional powers in relation to long-term businessRule 18 Accounts and auditRule 19 Security by the liquidator and special managerRule 20 Proof of debtsRule 21 Failure to pay premiumsRule 22 Notice of valuation of policyRule 23 Dividends to creditorsRule 24 Creditors' decisionsRule 25 Remuneration of liquidator carrying on long-term businessRule 26 Apportionment of costs payable out of the assetsRule 27 Notice of stop orderSchedule 1 Rules for Valuing General Business PoliciesSchedule 2 Rules for Valuing Non-Linked Life Policies, Non-Linked Deferred Annuity Policies, Non-Linked Annuities in Payment, Unitised Non-Linked Policies and Capital Redemption PoliciesSchedule 3 Rules for Valuing Life Policies and Deferred Annuity Policies Which Are Linked PoliciesSchedule 4 Rules for Valuing Long-Term Policies Which are not Dealt With in Schedules 2 or 3Schedule 5 Rules for Valuing Long-Term Policies Where a stop Order Has Been MadeSchedule 6 FormsSignatureExplanatory Note
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 9 November 2001

Insurers (Winding Up) Rules 2001 [SI 2001 No. 3635]

Introductory Text
Rule 1 Citation, commencement and revocation
Rule 2 Interpretation
Rule 3 Application
Rule 4 Appointment of liquidator
Rule 5 Maintenance of separate financial records for long-term and other business in winding up
Rule 6 Valuation of general business policies
Valuation of long-term policies (rules 7-8)
Rule 7
Rule 8
Rule 9 Attribution of liabilities to company's long-term business
Rule 10 Attribution of assets to company's long-term business
Rule 11 Excess of long-term business assets
Rule 12 Actuarial advice
Utilisation of excess of assets (rules 13-14)
Rule 13
Rule 14
Rule 15 Custody of assets
Rule 16 Maintenance of accounting, valuation and other records
Rule 17 Additional powers in relation to long-term business
Rule 18 Accounts and audit
Rule 19 Security by the liquidator and special manager
Rule 20 Proof of debts
Rule 21 Failure to pay premiums
Rule 22 Notice of valuation of policy
Rule 23 Dividends to creditors
Rule 24 Creditors' decisions
Rule 25 Remuneration of liquidator carrying on long-term business
Rule 26 Apportionment of costs payable out of the assets
Rule 27 Notice of stop order
Schedule 1 Rules for Valuing General Business Policies
Schedule 2 Rules for Valuing Non-Linked Life Policies, Non-Linked Deferred Annuity Policies, Non-Linked Annuities in Payment, Unitised Non-Linked Policies and Capital Redemption Policies
Schedule 3 Rules for Valuing Life Policies and Deferred Annuity Policies Which Are Linked Policies
Schedule 4 Rules for Valuing Long-Term Policies Which are not Dealt With in Schedules 2 or 3
Schedule 5 Rules for Valuing Long-Term Policies Where a stop Order Has Been Made
Schedule 6 Forms
Signature
Explanatory Note
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