Section 377I(3)

In varying (or further varying) a write-down order the court may, in particular— remove one or more of the insurer’s liabilities from the scope of the order (but removing all such liabilities from the scope of the order takes effect as a termination of the order); bring one or more of the insurer’s liabilities within the scope of the order (on such terms as the court may specify); further reduce the value of one or more of the insurer’s liabilities; increase the value of one or more of the insurer’s liabilities to any amount less than the value the liability had before the write-down order took effect; vary any term specified in the order, including the period for which a reduction in the value of a liability has effect; make any other order that the court thinks appropriate.

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