191Recovery of amounts under contracts or arrangements for re-insurance

#### 191 Recovery of amounts under contracts or arrangements for re-insurance 191 Recovery of amounts under contracts or arrangements for re-insurance (cf s 126 MAA) > To the extent that any amounts are paid out of the Nominal Defendant’s Fund in respect of a claim or judgment pursuant to section 190 the Nominal Defendant is, where an insolvent insurer (if it had provided indemnity to that extent under a third-party policy) would have been entitled to recover any sum under a contract or arrangement for re-insurance, entitled to the benefit of and may exercise the rights and powers of the insolvent insurer under that contract or arrangement so as to enable the Nominal Defendant to recover from the re-insurer and pay into the Nominal Defendant’s Fund the amount due under that contract or arrangement.