CTHIn ForceAct
Life Insurance Act 1995
194Confirmation of scheme
Start here
Get a plain-English read of 194
Turn the raw legal text into a practical explanation grounded in Life Insurance Act 1995.
#### 194 Confirmation of scheme
(1) The Court may:
(a) confirm a scheme without modification; or
(b) confirm the scheme subject to such modifications as it thinks appropriate; or
(c) refuse to confirm the scheme.
(2) In deciding whether to confirm a scheme (with or without modifications), the Court must have regard to:
(a) the interests of the policy owners of a company affected by the scheme; and
(b) if a report relevant to all or part of the scheme has been filed with the Court under section 175—that report; and
(c) any other matter the Court considers relevant.