{
  "url": "https://openlegislation.uk/industrial-assurance-northern-ireland-order-1979/schedule-5/paragraph-5",
  "json_url": "https://openlegislation.uk/industrial-assurance-northern-ireland-order-1979/schedule-5/paragraph-5.json",
  "legislation": "nisi/1979/1574",
  "legislation_title": "Industrial Assurance (Northern Ireland) Order 1979",
  "legislation_url": "https://openlegislation.uk/industrial-assurance-northern-ireland-order-1979",
  "path": "schedule/5/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) Subject to sub-paragraph (2), if the Commission is satisfied on any valuation—\n(a) that any of the foregoing provisions of this Schedule have not been complied with; or\n(b) 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;\nthe 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.\n(2) The. . . industrial assurance company may appeal to the High Court against any decision of the Commission under this paragraph.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "1992 c. 40"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1979/1574/schedule/5/paragraph/5",
    "retrieved_at": "2026-10-29T04:52:45.581277+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}