S.L. 403.25 ст. 25Assignment and subrogation of rights.

No payment from Fund A shall be made under this Part unless and until the applicant for payment has assigned to the

Protection and Compensation Fund any right to any payment to which he may be entitled to in respect of the same liability, and where such liability is covered by reinsurance, Fund A shall in addition, be entitled to pursue any reinsurance recoveries as if it were the insolvent insurer.