# The Friendly Societies (Insurance Business) Regulations 1994, Regulation 47: Contracts not to be treated as assets


No contract for long term business shall be treated as an asset.

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Source: https://www.legislation.gov.uk/uksi/1994/1981/regulation/47 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.