(1) After the relevant date, an insurance undertaking shall not transfer moneys to the Fund under section 10 if -
(a) the authorisation of the insurance undertaking is revoked, withdrawn or suspended,
(b) the regulatory authority gives a direction to the insurance undertaking under -
(i) Article 54(2) of the Life Regulations of 1994, or
(ii) section 17 or 18 of the Insurance Act 1989,
(c) the regulatory authority applies to the court for an order under Article 36 of the Life Regulations of 1994 in relation to the insurance undertaking,
(d) an examiner or administrator is appointed by the court to the insurance undertaking, or
(e) the insurance undertaking is -
(i) in receivership,
(ii) in liquidation,
(iii) being wound up, or
(iv) otherwise being dissolved.
(2) The prohibition in subsection (1) ceases to apply to the insurance undertaking when -
(a) its authorisation is restored or the suspension is terminated,
(b) a direction referred to in subsection (1)(b) is revoked, set aside, ter
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