# The Friendly Societies (Insurance Business) (Amendment) Regulations 1996, Regulation 16: Interpretation: Part V


(1) Regulation 33 of the 1994 Regulations (interpretation: Part V) shall be amended as follows.
(2) For the definition of “general business liabilities” substitute—
““general business liabilities” has the same meaning as in Part IV of these Regulations;”.
(3) After the definition of “general business liabilities” insert—
““insurance liabilities” means amounts calculated in accordance with this Part of these Regulations in respect of those items shown at C and D under the heading “Liabilities” in Part I of Schedule 2 to the Friendly Societies (Accounts and Related Provisions) Regulations 1994.”

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Source: https://www.legislation.gov.uk/uksi/1996/3008/regulation/16 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.