# Financial Services and Markets Act 2000, Paragraph 4: Switching rights


(1) This paragraph applies where the value of a right under a relevant contract of insurance is wholly or partly determined by reference to property of any description.
(2) The reference in paragraph 3(1) to the surrender of rights by a policyholder includes the exercise by the policyholder of a contractual right to change the property by reference to which the value of a right is (wholly or partly) determined.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/19C/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-19C/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.