s 100
In forceApplication of insurance money
Part VFidelity Guarantee Account
100 Application of insurance money
A claimant against the Account has no right of action against any person with whom a contract of insurance is made under section 99 in respect of that contract and has no right to claim any money paid by the insurer in accordance with any such contract; but all such moneys shall be credited to the Account and shall be applied in or towards the settlement of relevant claims.
[Section 100 amended: No. 59 of 1995 s. 86; No. 77 of 2006 Sch. 1 cl. 156(2).]
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