Paragraph 5
(1)
The following transitional provisions and savings have effect in relation to provisions of the Friendly Societies Act 1974.
(2)
Paragraphs 3 to 8 of Schedule 6 to that Act continue to have effect in relation to a contract of insurance effected pursuant to paragraph 1 or 2 of that Schedule before commencement as if—
(a)
in paragraph 3 “insure or” were omitted;
(b)
sub-paragraph (2) of paragraph 4 were omitted; and
(c)
in paragraph 5(1), “Notwithstanding anything in section 70 of this Act” were omitted.