[Part 1 Introductory]

[SCHEDULE 19C Insurers in Financial Difficulties: Enforcement of Contracts]

[Section 377K]

[Part 1 Introductory]

[Application of this Schedule

1

This Schedule applies in relation to an insurer while the insurer is in financial difficulties.

“Financial difficultiesâ€

2

(1)     An insurer is in “financial difficulties†for the purposes of this Schedule if—

(a)     Part 1 of Schedule 19B (write-down

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