Paragraph 5
Subject to sub-paragraph (2), if theF1 Commission is satisfied on any valuation—
that any of the foregoing provisions of this Schedule have not been complied with; or
that the industrial assurance fund as stated in the valuation balance sheet is greater than the value of the assets available for the liabilities of that fund, due regard being had to the other liabilities of the. . . industrial assurance company and to the foregoing provisions of this Schedule;
the Commission may reject the valuation and may direct the. . . company to make such alteration therein as may be necessary to secure compliance with those provisions.
The. . . industrial assurance company may appeal to the High Court against any decision of the Commission under this paragraph.
Annotations
Textual amendments
- F1
Notes on the whole Order
Textual amendments
- F1
rep. by 2000 c. 8, certain provns saved by SI 2001/3647