Article 21B

(1)

This Article applies if a society or company provides a statement recording premiums received in respect of a policy of industrial assurance.

(2)

Subject to paragraph (4), the society or company must provide such a statement to the owner of that policy—

(a)

before the end of a period of twelve months beginning with the day on which the society or company agreed with the owner of the policy to provide statements recording premiums received; and

(b)

at least once in every subsequent period of twelve months.

(3)

A statement must be in writing and must state—

(a)

the period to which the statement relates;

(b)

the number (if any) and the date of the policy in respect of which a premium or premiums have been received during that period;

(c)

the amount or, as the case may be, the aggregate amount of the premium or premiums received during that period and, if premiums are paid in respect of more than one policy, the amount or aggregate amount referable to a particular policy;

(d)

the registered name of the society or company.

(4)

If, in any period mentioned in paragraph (2)(a) or (b) (whichever is applicable)—

(a)

no premium is received by a society or company in respect of that policy; or

(b)

the society or company has paid all sums it is liable to pay under that policy,

the society or company is not required to give a statement in respect of that period.

(5)

For the purposes of this Article, writing includes any means of electronic communication which may be processed to produce a legible text.

Notes on the whole Order

Textual amendments

F1: rep. by 2000 c. 8, certain provns saved by SI 2001/3647