Insolvency laws make special provisions for insurance companies because of the regulated status of the industry and the importance of insurance to the economy.
For information on the insolvency procedures available to insolvent insurance companies, see Practice Note: Insolvency of insurers.
The Corporate Insolvency and Governance Act 2020 (CIGA 2020) made amendments to the Insolvency Act 1986 (IA 1986), including the insertion of a new moratorium process and restrictions on ipso facto clauses....
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