Regulation 2

The Industrial Assurance (Premium Receipt Books) Regulations 1948^f1, as amended by the Industrial Assurance (Premium Receipt Books) (Amendment) Regulations 1961^f2, shall be amended by the addition after sub-paragraph (e) of paragraph (2) of regulation 6 of the following sub-paragraphs:

“(f)

“the amount of the premium” in relation to a policy to which the prescribed scheme, or an approved scheme which provides for payment of net premiums, applies, means the amount of the net premium; and

(g)

“the prescribed scheme”, “an approved scheme” and “net premium” have the meanings assigned in paragraph (1) of regulation 2 of the Industrial Assurance (Life Assurance Premium Relief) Regulations 1977^f3. ”