s 10 Nature of rights and benefits under Scheme
10.—(1) The rights and benefits of an insured person arising from the insured person’s insurance cover under the Scheme are not assignable or transferable.
(2) A policy of insurance issued under the Scheme does not create any legal or equitable trust.
(3) Section 73 of the Conveyancing and Law of Property Act 1886 and section 132 of the Insurance Act 1966 do not apply to any policy of insurance issued under the Scheme.
(4) The Insurance Act 1966 does not apply to the Scheme or anything done under this Act.
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