Annuities Purchased Where Certain Claims or Actions are Settled

Part of New clause 13 – in the House of Commons at 4:20 pm on 3rd April 1995.

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(2) Subsection (3) below applies where—

  1. (a) a person receives a sum as the annuitant under an annuity assigned in his favour pursuant to a qualifying agreement, or
  2. (b) a person receives a sum on behalf of the annuitant under an annuity assigned in the annuitant's favour pursuant to a qualifying agreement.