Paragraph 4
England, Wales and Scotland
In the case of a policy issued for a term other than the whole term of life, the remaining term at the date at which the value of the policy is required to be ascertained shall be obtained by deducting from the original term of the policy the duration of the policy in completed years at that date.
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Act repealed (1.12.2001) by 2000 c. 8, ss. 416(1)(a), 432(3), Sch. 22; S.I. 2001/3538, art. 2(1) (with savings in S.I. 2001/3647, arts. 3(1)(3), 6, Sch. 1 Pts.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