# The Friendly Societies (Insurance Business) Regulations 1993, Regulation 48: Annual actuarial investigation: prescribed societies


Any incorporated friendly society carrying on long term business other than a society to which section 37(2) of the 1992 Act applies is prescribed for the purposes of section 46(1)(b) of the 1992 Act and accordingly shall, once in every period of 12 months, cause an investigation to be made by the appropriate actuary into the financial condition of the society in respect of its long term business in accordance with section 46 of that Act.

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Source: https://www.legislation.gov.uk/uksi/1993/98/regulation/48 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1993/regulation-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.