Commentary on Sections Overview Overview Section 337: Transfers of loans on insurance business transfers
1109.This section specifies the transfer within the second case in section 335(1) where the continuity rules of the Chapter apply. It is based on paragraph 12(1), (4) and (5) of Schedule 9 to FA 1996.
1110.In subsection (6)(b) “corresponding category” means the category of asset in section 440(4) of ICTA as modified by regulation 11(3) of The Overseas Life Insurance Companies Regulations 2006 (SI 2006/3271).