# The Friendly Societies (Insurance Business) Regulations 1993, Paragraph 2


(1) Where for the purpose of determining any supplementary amount in accordance with paragraph 1 above the society cannot reasonably ascertain—
(a) the value of any asset of a relevant dependant, or
(b) the amount of the permitted limit applicable in relation to any asset of a relevant dependant,
the asset in question shall be left out of account for that purpose.
(2) In this Part of this Schedule—
“relevant dependant” means—
(a) where this Schedule is being applied in relation to the determination of the value of a share in, or debt due or to become due from, a dependant of the society which is a long term business asset of the society, any dependant of the society—
(i) a share in which, or in any body (whether incorporated or not) of which it is a jointly controlled body, is a long term business asset of the society, or
(ii) from which a debt is due, or will become due, to the society which is a long term business asset of that society; and
(b) in any other case, any dependant of the society—
(i) a share in which, or in any body (whether incorporated or not) of which it is a jointly controlled body, is a general business asset of the society, or
(ii) from which a debt is due, or will become due, to the society which is a general business asset of that society.

---
Source: https://www.legislation.gov.uk/uksi/1993/98/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1993/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.