Ch 49: Insurance (May 2007)

May 2007

Chapter 49 Insurance

49.1 Introduction and abbreviations used
(Amended June 2012)

(a) This chapter deals with the obtaining or maintaining of the insurance cover required to protect assets held in insolvent estates and is divided into the following parts and annexes:

Part 1 -
Assessing insurance risks and cover required by the official receiver (paragraphs 49.2 - 49.19B).

Part 2 -  Insurance effected by the insolvent (paragraphs 49.20 - 49.24C).

Part 3 - The Willis Insolvency Open Cover Insurance Facility (paragraphs 49.25 - 49.30C).

Annex 1 - Code of practice on unoccupied buildings.

Annex 2 - Endorsement to insolvent's existing insurance cover to note the official receiver's Interest.

Annex 3 - Premium Bordereau for smaller non-trading cases.

(b) Abbreviations used in this chapter:

Full name

Abbreviation used

Willis Limited

Willis

Willis Operating Manual for the insurance facility for insolvency practitioners

Willis Manual

(c) An Insurance Training Package was issued in June 2014 and is available on Talent Capability and Learning, HERE.

 

 

[On to Part 1 - Assessing insurance risks and cover required by the official receiver]