S.L. 403.13 чл. 18Quantum of payment.

In respect of a protected liability which is a liability required to be covered by compulsory insurance legislation as defined in Part IV, payment under this Part in respect of protected liabilities aforesaid incurred by the insured of an insolvent insurer shall cover the whole of such liabilities; in respect of all other protected liabilities, payment under this Part in respect of -

(a) long term business protected commitments shall be limited to seventy-five of the actuarial per centum valuation of the contract of insurance at the time the undertaking concerned ceased to carry on such business (adjusted for any premiums paid till date of payment) remaining unpaid or twenty-three thousand and two hundred and ninety-three euro and seventy-three cents (€23,293.73) whichever is the less;

(b) general business protected risks shall be limited to seventy-five of the liabilities incurred per centum remaining unpaid in any one case or twenty-three thousand and two hundred and ninety-three euro and seventy-three cents (€23,293.73) whichever is the less: Provided that, in each case, the total amount of payments to be made by the Fund under this Part with respect to any one insolvent insurer shall not exceed two million and three hundred and twenty-nine thousand and three hundred and seventy-three euro and forty cents (€2,329,373.40).