Cap. 403 Art. 52Prescription in respect of claims for payment out of the Protection and Compensation Fund.

No claim for payment of compensation shall be made out of the Protection and Compensation Fund unless such claim is made

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(a) with respect to a claim in accordance with article 49(a)(i), within two years from the date that the name of the undertaking is struck off the register established in the

Companies Act or such undertaking is otherwise definitely wound up, in those circumstances only where compensation would be due from Fund A;

(aa) with respect to a claim in accordance with article 49(a)(ii), within the period and in the manner prescribed by the Insurance Business (Protection and Compensation Fund) Regulations;"; and

(b) with respect a claim in accordance with article 49(b), within two years from the date of occurrence of the accident relating to that claim: Provided that for the purposes of this article, the words "Fund A" shall have the same meaning as assigned to them under the Insurance Business (Protection and Compensation Fund) Regulations.