Application of this Schedule
1 This Schedule applies in relation to an insurer while the insurer is in financial difficulties.
(1) An insurer is in "financial difficulties" for the purposes of this Schedule if -
(a) Part 1 of Schedule 19B (write-down orders: restrictions on enforcement) has effect in relation to the insurer (see paragraph 1(1) and (2) of that Schedule);
(b) the insurer is in administration, within the meaning of Schedule B1 to the 1986 Act or Schedule B1 to the 1989 Order, or awaiting administration;
(c) a petition for the winding up of the insurer has been presented and has not been withdrawn or determined.
(2) For the purposes of sub-paragraph (1)(b), an insurer is awaiting administration while an application for an administration order in respect of the insurer has been made to the court and -
(a) the application has not yet been granted or dismissed, or
(b) the application has been granted but the administration order has not
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