# The Friendly Societies (Insurance Business) Regulations 1993, Paragraph 4: Long term class V


For long term business of class V the required margin of solvency shall be equal to one per cent of the assets of the relevant tontine.

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Source: https://www.legislation.gov.uk/uksi/1993/98/schedule/1/paragraph/4 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1993/schedule-1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.