Victory VII.
Autor: | Ramsay, Scot |
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Zdroj: | Reinsurance; Sep2006, p41-43, 2p, 1 Color Photograph, 1 Chart |
Abstrakt: | The article discusses the application of the Part VII transfers in the insurance sector. Part VII transfers under Great Britain's Financial Services and Markets Act implements a statutory novation under which contracts of insurance can be changed without the shareholder's consent. It can be used to facilitate the delivery of more complex run-off initiatives such as the closure of underwriting pools. It can also amount to a reorganisation for the purpose of section 304 of the U.S. Bankruptcy Code. |
Databáze: | Supplemental Index |
Externí odkaz: |