169Discharge of liabilities in respect of compensation
This section has no associated Explanatory Notes
(1)This section applies where the Board assumes responsibility for an eligible scheme in accordance with this Chapter.
(2)The Board may provide for the discharge of any liability imposed by this Chapter to provide compensation—
(a)by the taking out of a policy of insurance or a number of such policies;
(b)by the entry into an annuity contract or a number of such contracts;
(c)by the transfer of the benefit of such a policy or policies or such a contract or contracts;
(d)in prescribed circumstances, by the payment of a cash sum calculated in the prescribed manner.