{
  "url": "https://openlegislation.uk/friendly-societies-act-1992-amendment-regulations-1994/schedule-3/paragraph-2",
  "json_url": "https://openlegislation.uk/friendly-societies-act-1992-amendment-regulations-1994/schedule-3/paragraph-2.json",
  "legislation": "uksi/1994/1984",
  "legislation_title": "The Friendly Societies Act 1992 (Amendment) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/friendly-societies-act-1992-amendment-regulations-1994",
  "path": "schedule/3/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) This paragraph applies where a friendly society to which section 37(2) above applies has, on or after 1st September 1994, entered into a contract the effecting of which constitutes–\n(a) the carrying on in the United Kingdom of long term business which is not reinsurance business; or\n(b) the provision there of long term insurance.\n(2) If during the term of the contract there is any change in the information required by paragraphs (a) to (j) of paragraph 1(4) above, the society shall inform the other party to the contract in writing of the effect of the change.\n(3) If the contract provides for the payment of bonuses, the society shall, at least once in every calendar year except the first, inform the other party to the contract in writing of the amount of any bonus–\n(a) which has become payable under the contract, and\n(b) of which that party has not been previously informed under this sub–paragraph.\n(4) There is a sufficient compliance with sub–paragraph (3) above if the society furnishes the other party to the contract with such information as will enable him to determine the amount of any such bonus as is mentioned in that sub–paragraph, or if the society informs that party of–\n(a) the rates of bonus which have been declared since that party was previously informed under this sub–paragraph; and\n(b) the total value of the benefits (including bonuses) which have accrued under the contract.\n(5) In this paragraph “bonus” does not include a bonus the amount of which is specified in the contract.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1984/schedule/3/paragraph/2",
    "retrieved_at": "2026-10-29T13:28:40.485904+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}