# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Regulation 58: No credit for profits from voluntary discontinuance


Allowance shall not be made in the valuation for the voluntary discontinuance of any contract if the amount of the liability so determined would thereby be reduced.

---
Source: https://www.legislation.gov.uk/uksi/1987/2132/regulation/58 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-58
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.