# Industrial Assurance (Northern Ireland) Order 1979, Article 34: Value of policies


(1) Where, for the purposes of this Order, the value of a policy of industrial assurance (including an illegal policy and a policy beyond the legal powers of a collecting society or industrial assurance company or the person who effected it) has to be ascertained, the value of the policy shall be calculated in accordance with the rules set out in Schedule 6.
(2) The surrender value of such a policy shall be an amount equal to 75 per cent. of the value of the policy so calculated.

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Source: https://www.legislation.gov.uk/nisi/1979/1574/article/34 (the official version)
Page: https://openlegislation.uk/industrial-assurance-northern-ireland-order-1979/article-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.