Paragraph 28 Particulars of businessI1
United Kingdom
F1(1)
Subject to sub-paragraph (2) below, there must be disclosed as regards both general and long term business the total gross direct insurance premiums resulting from contracts concluded by the society in the United Kingdom and other countries.
(2)
Disclosure of any amount referred to in sub-paragraph (1) above would not be required if it does not exceed 5 per cent. of total gross premiums.
Annotations
Textual amendments
- F1
Sch. 4 para. 28(1) substituted (31.12.2020) by The Friendly Societies (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1039), regs. 1, 16; 2020 c. 1, Sch. 5 para. 1(1)
Commencement
- I1
Sch. 4 para. 28 in force at 1.9.1994, see reg. 1