# Industrial Assurance (Northern Ireland) Order 1979, Paragraph 6


Subject to Article 35 and Schedule 7, the amount of a free paid-up policy is to be a sum bearing the same proportion to 75 per cent. of the value of the policy as the sum of £1 bears to the value of the reversion in the sum of £1, according to the contingency upon which the sum assured under the original policy was payable.

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Source: https://www.legislation.gov.uk/nisi/1979/1574/schedule/6/paragraph/6 (the official version)
Page: https://openlegislation.uk/industrial-assurance-northern-ireland-order-1979/schedule-6/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.