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Policyholders Protection Board Archives - Bankruptcy UK

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Policyholders Protection Act 1975

An act, which established the Policyholders Protection Board, to provide compensation to the public in the event of the liquidation of an insurance company. The Board will make payment, in full, of liabilities under certain policies of compulsory insurance, and 90 per cent of liability to provide policyholders under other general and investment type policies. Compensation is restricted to individual policyholders or partnerships; corporate policyholders are not protected.

 

 

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