Policyholders Protection Act 1975 (repealed)
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Change 1
7 Third-party rights against insurance companies in road traffic cases.
Without prejudice to section 6 above, but subject to sections 9, 13 and 14 below, it shall be the duty of the Board to secure that a sum equal to the full amount of any liability of a company in liquidation in respect of a sum payable to a person entitled to the benefit of a judgment under— (a) section 149 of the Road Traffic Act 1972 or section 151 of the Road Traffic Act 1988 (duty of insurers to satisfy judgment against persons insured or secured against third-party risks); or (b) Article 98 of the Road Traffic (Northern Ireland) Order 1981 (court orders for recovery from insurers of sums due under unsatisfied judgments against persons insured or secured by them); is paid to that person as soon as reasonably practicable after the beginning of the liquidation.
7 Third-party rights against insurance companies in road traffic cases.
Without prejudice to section 6 above, but subject to sections 9, 13 and 14 below, it shall be the duty of the Board to secure that a sum equal to the full amount of any liability of a company in liquidation in respect of a sum payable to a person entitled to the benefit of a judgment under— (a) section 149 of the Road Traffic Act 1972 or section 151 of the Road Traffic Act 1988 (duty of insurers to satisfy judgment against persons insured or secured against third-party risks); or (b) Article 98 of the Road Traffic (Northern Ireland) Order 1981 (court orders for recovery from insurers of sums due under unsatisfied judgments against persons insured or secured by them); is paid to that person as soon as reasonably practicable after the beginning of the liquidation.
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