3 “Eligible insurance proceeds”
Dormant Assets Act 2022 (2022 c 5) | Legislation

3  “Eligible insurance proceeds”

(1)     In this Act “eligible insurance proceeds” are (subject to subsections (2) and (3)) the cash proceeds of a contract of long-term insurance, after the appropriate adjustments have been made for such things as interest due and fees and charges payable.

(2)     A contract is excluded from subsection (1)

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