OpenLegislation

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