(1) In the case of the winding up of a non-transferring composite insurer, rule 6.42 (general rule as to priority in creditors' voluntary winding up) or 7.108 [Rule 7.108 of the Insolvency (England and Wales) Rules 2016 was amended by S.I. 2017/366.] (general rule as to priority in winding up by the court) of the Insolvency Rules or Rule 4.228 of the Insolvency Rules (Northern Ireland) (general rules as to priority) or rule 7.28 of the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 applies separately to long-term business assets and to the general business assets of that insurer.

(2) But where any fee, expense, cost, charge, or remuneration does not relate exclusively to the long-term business assets or to the general business assets of that insurer, the liquidator must apportion it amongst those assets in such manner as he shall determine.