International Insurance and Takaful Order, 2002 · s 52

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s 52Extent of avoidance of payment of premium

(1)

A transfer of a long-term premium may be set aside only as provided in this Part and then only to the extent necessary to satisfy the actual obligation to the creditor at whose instance the transfer has been set aside.

(2)

Other creditors of the person who has paid a long term premium or of the insurer shall not benefit or be entitled to any presumption from any judgment or order in favour of a creditor against that person or insurer.