Schedule 19C, Part 3, paragraph 7(1)

Where this Schedule applies in relation to an insurer, a provision of a relevant contract, entered into by the insurer before the insurer first enters into financial difficulties, ceases to have effect if, and to the extent that, under the provision— the contract would terminate, a supply would cease, or any other thing would occur, because the insurer is in financial difficulties, or another party to the contract would be entitled to terminate the contract, cease a supply, or do any other thing, because the insurer is in financial difficulties.

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Source: legislation.gov.uk · retrieved 2026-09-04