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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 July 2022 - onwards
  Version 2 of 2    

215A. Continuity etc. of funeral plan contracts

(1) The compensation scheme may, in particular, include provision requiring or enabling the scheme manager to make arrangements for securing continuity of cover for -

(a) plan holders;

(b) plan holders of a specified class;

(c) plan holders of funeral plan contracts of a specified class.

(2) In this section -

"plan holder" means -

(a) a person who has a funeral plan contract with a relevant funeral plan provider, or

(b) a person whose funeral is to be provided or secured under a funeral plan contract with a relevant funeral plan provider;

"relevant funeral plan provider" means a relevant person who -

(a) has permission to enter into or carry out a funeral plan contract as provider, and

(b) is unable, or likely to be unable, to satisfy claims made against them.

(3) The scheme may provide for the scheme manager to take such measures as appear to it to be appropriate -

(a) for securing or facilitating the transfer of a relevant funeral plan provider's business so far as it consists of the

Comparing proposed amendment...