Section 3 Purposes for which policies may be issued.

F1Subject to the provisions F2of sections 72 and 73 of the M1Friendly Societies Act 1974 as they apply to collecting societies and of sections one and two of the Industrial Assurance and Friendly Societies Act 1948 F3as amended by the M2Industrial Assurance and Friendly Societies Act 1948 M3 (Amendment) Act 1958 amongst the purposes for which collecting societies and industrial assurance companies may issue policies of assurance there shall be included insuring money to be paid for the funeral expenses of a parent, child, grandparent, grandchild, brother, or sister, and the issuing of such policies shall be treated as part of the industrial assurance business of the society or company.