Persons entitled
- Barclays Bank PLC
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
The policy and all amounts (including bonuses) that are to be paid under it and any amount to be paid to the company on cancellation of the policy under section 76 of the insurance companies act 1982. the company's assignment to the bank is absolute but the company does have the right to have the policy assigned back to the company when the company pays or discharges the final balance of the amounts secured to the bank.