Schedule 13: Insurers in financial difficulties: enforcement of contracts Part 1 – New Schedule 19C TO FSMA 2000
Paragraph 1 of Schedule 13 inserts new provisions into Part 24 of FSMA 2000 and a new Schedule 19C into FSMA 2000. Sub-paragraph 2 inserting the new section 377K into FSMA 2000 is self-explanatory. The effect of the provisions of the new Schedule inserted by sub-paragraph 3 are detailed below.