{
  "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996",
  "json_url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996.json",
  "id": "uksi/1996/3008",
  "title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
  "short_title": "Friendly Societies (Insurance Business) 1996",
  "long_title": "These Regulations make amendments to Parts II to VII of the Friendly Societies (Insurance Business) Regulations 1994. They principally concern the valuation of assets and the determination of liabilities of societies for the purposes of the Friendly Societies Act 1992. They also amend Schedule 2 to the 1994 Regulations, concerning the determination of the required margin of solvency in respect of general business (regulation 25), regulation 51 of those Regulations, concerning the methods by which benefits payable to policyholders under linked long-term contracts of insurance may be determined (regulations 22 and 27), and regulations 53 and 56, concerning insurance statistics (regulations 23 and 24).",
  "citation": "S.I. 1996/3008",
  "type": "uksi",
  "year": "1996",
  "number": "3008",
  "version": "current",
  "date": "1996-12-06",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation, commencement and general",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Localisation",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-2",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Exclusions from regulations 13 to 17",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-3",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/4",
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      "heading": "Interpretation: Part IV",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-4",
      "extent": null,
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      "path": "regulation/5",
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      "heading": "Interpretation: Part IV",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-5",
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      "heading": "Application: Part IV",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-6",
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      "heading": "Valuation of assets and liabilities of dependants for the purposes of regulation 21",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-7",
      "extent": null,
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      "heading": "Assets sold to or purchased from an approved credit institution or an approved investment firm subject to an agreement for resale or repurchase",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-8",
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      "path": "regulation/9",
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      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-9",
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      "path": "regulation/10",
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      "heading": "Securities and beneficial interests in limited partnerships (substitution for regulation concerning unlisted securities)",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-10",
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      "path": "regulation/14",
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      "heading": "Contracts and assets having the effect of derivative contracts (substitution for regulation concerning other assets)",
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      "path": "regulation/15",
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      "heading": "Assets to be taken into account only to a specified extent",
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      "path": "regulation/18",
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      "heading": "General business liabilities",
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      "path": "regulation/19",
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      "heading": "Long term liabilities",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-19",
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    {
      "path": "regulation/20",
      "kind": "regulation",
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      "heading": "Rates of interest",
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      "path": "regulation/21",
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      "heading": "Expenses",
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      "path": "regulation/22",
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      "heading": "Linked long term contracts",
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      "path": "regulation/23",
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    {
      "path": "regulation/24",
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      "heading": "Insurance statistics: member States",
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      "path": "regulation/28",
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    {
      "path": "signature",
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      "heading": "Signature",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/signature",
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      "path": "schedule/1",
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      "number": "1",
      "heading": "[SCHEDULE 5 TO THE 1994 REGULATIONS]",
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    {
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      "heading": "EXCESS EXPOSURE: METHOD OF CALCULATION",
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