(1) Where the policyholder is obliged to pay a pension to the third party, the insurer is only liable to pay a pro rata share of the pension if the sum insured is not equal to the capital value of the pension.
(2) If the policyholder is obliged, by operation of law, to pay the third party a security for the pension that he or she is liable to pay, the insurer’s obligation covers the payment of the security. Subsection (1) applies accordingly.