Paragraph 3
England, Wales and Scotland
The age of the person whose life is assured shall be obtained by adding to the age attained by him at his birthday next after the date of the issue of the policy, the duration of the policy in completed years at the date as at which the value of the policy is required to be ascertained.
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by 2000 c. 8, ss. 416(1)(a), 432(3), Sch. 22; S.I. 2001/3538, art. 2(1) (with savings in S.I. 2001/3647, arts. 3(1)(3), 6, Sch. 1 Pts. I, III as amended (3.7.2002) by S.I. 2002/1555, art. 2)
Notes on Schedule FOURTH
Modifications
- C1
Sch. 4 modified by S.I. 1977/1144, Sch. 3 para. 2 and by 1980/1948, Sch. para. 2