[4 Enhanced protection for periodical payments]

[4  Enhanced protection for periodical payments]

[(1)     Subsection (2) applies where—

(a)     a person has a right to receive periodical payments, and

(b)     his right is protected by a scheme under section 213 of the Financial Services and Markets Act 2000 (compensation), but only as to part of the payments.

(2)     The protection provided by the scheme shall extend by virtue of this section to the whole of the payments.

(3)     Subsection (4) applies where—

(a)     one person (“the claimant”) has a right to receive periodical payments from another person (“the defendant”),

(b)     a third person (“the insurer”) is required

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