# The Friendly Societies (Insurance Business) Regulations 1994, Regulation 44: Rates of mortality and disability


The amount of the liability in respect of any category of contract shall, where relevant, be determined on the basis of prudent rates of mortality and disability and any other decrement that take into account—
(a) where the policyholder is an individual, the state in which he has his habitual residence; and
(b) where the policyholder is not an individual, the state in which the establishment of the policyholder to which the commitment covered by the contract relates is situated.

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Source: https://www.legislation.gov.uk/uksi/1994/1981/regulation/44 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.