Superior Court Rules

ORDER 88

INSURANCE DEPOSITS

1. (1) An application to the court by an assurance company or the Committee of Lloyd’s for an order pursuant to rule 7 of the Insurance (Deposits) Rules, 1940 (S. R. & 0. 1940, No. 78) may in the first instance be made by motion ex parte to the Master, who may make such order.

(2) The Master may direct that notice of such application be given to such person (if any) as he may think fit.

2. Where an assurance company or the Committee of Lloyd’s maintains a deposit with the Accountant in respect of any class of assurance business, an application by the assurance company or the Committee of Lloyd’s for an order for the payment and transfer of such deposit out of the court to such assurance company or the Committee of Lloyd’s shall be made by special summons which shall be served upon the Minister for Industry and Commerce.

3. Proceedings to which this Order relates shall be entitled ‘In the matter of the deposit maintained by ........ (here give the name of the assurance company or the Committee of Lloyd’s, as the case may be) in respect of ....... assurance business’ and in the matter of the Insurance (Deposits) Rules, 1940 and the Insurance Acts, 1909 to 1964.

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