In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Insurance Order, 2006 · As enacted
Official textFrom Attorney General's Chambers, unchanged
Where a registered insurer becomes insolvent or is unable to meet its obligations, the assets of the insurer shall be available to meet its liabilities to all policy owners of Brunei Darussalam policies and these liabilities shall have priority over all unsecured liabilities of the insurer other than preferential debts specified under the Companies Act (Chapter 39).
registered insurer
"registered insurer" means an insurer which has been registered by the Authority under this Order;
Policy Owners' Protection Fund.
registered insurer
"registered insurer" means an insurer which has been registered by the Authority under this Order;