{
  "url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/schedule-3/paragraph-7",
  "json_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/schedule-3/paragraph-7.json",
  "legislation": "uksi/1987/2132",
  "legislation_title": "The Friendly Societies (Long Term Insurance Business) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987",
  "path": "schedule/3/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) If the provision for claims outstanding at the end of the last preceding year of account exceeds the provision for claims outstanding at the beginning of that year, the amount of the excess shall be added to the amount of claims paid in the last preceding year of account.\n(2) If the provision for claims outstanding at the beginning of the last preceding year of account exceeds the provision for claims outstanding at the end of that year, the amount of the excess shall be deducted from the amount of the claims paid in the last preceding year of account.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2132/schedule/3/paragraph/7",
    "retrieved_at": "2026-10-29T16:15:26.669038+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}