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Regulation 7 Modifications of paragraph 3 of Schedule 19AB

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Paragraphs (2) and (3) specify modifications of paragraph 3 of Schedule 19AB in relation to exempt business of a friendly society.

(2)

In sub-paragraph (1)—

(a)

for the words “an insurance company” there shall be substituted the words “a friendly society”;

(b)

for the words “the company” there shall be substituted the words “the society”;

(c)

for the words “the insurance company” there shall be substituted the words “the friendly society”.

(3)

In sub-paragraph (5) for the word “company” there shall be substituted the word “society”.