Protection of Residential Mortgage or Hypothecary Insurance Act
Version of section 19 from 2013-01-01 to 2014-06-18:
Marginal note:Pre-existing contracts
19 If a winding-up order is made in respect of a company, a contract of insurance that the company entered into before the coming into force of this Act is deemed, for the purposes of sections 16, 17 and 20 to 25 to be a policy issued to a qualified mortgage lender in respect of an eligible mortgage loan if Her Majesty would have been bound to make a payment in respect of the contract of insurance had section 44 not come into force.
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