Regulation 5

Where an increase in contribution has been effected under regulation 4 the sum assured or guaranteed by the contract under which the increased contribution is payable shall be increased by an amount determined in accordance with rules which have been certified by an actuary to be fair in relation to the increased contribution payable and have been approved by the Chief Registrar of Friendly Societies.

Where the sum assured or guaranteed by a contract is increased by virtue of the preceding paragraph the society shall on being requested in writing to do so by the person by whom the increased contribution is payable notify him in writing of the amount of the increase in the sum assured or guaranteed.