In the event of bankruptcy or liquidation of an Insurance Company engaged in the insurance of Persons or fund accumulation operations, the amounts due to each of Insured not yet expired shall be assessed to equate the mathematical reserve thereto on the day the bankruptcy verdict or the liquidation decision is issued, calculated in accordance with the technical rules of the Premiums at the time of concluding such policy.
Interpretation and application must be checked against the official text and current version.