# The Industrial Assurance (Decimal Currency) Regulations 1970, Paragraph 7


Subject to paragraph 8 the amount in the new currency payable by the company or society in respect of a benefit shall be the amount corresponding to the amount in the old currency payable under the contract calculated in accordance with sub-paragraphs (a) to (c) of Schedule 1 to these Regulations.

---
Source: https://www.legislation.gov.uk/uksi/1970/931/schedule/4/paragraph/7 (the official version)
Page: https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/schedule-4/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.