{
  "url": "https://openlegislation.uk/life-insurance-qualifying-policies-statement-and-reporting-requirements-amendment-regulations-2015/note",
  "json_url": "https://openlegislation.uk/life-insurance-qualifying-policies-statement-and-reporting-requirements-amendment-regulations-2015/note.json",
  "legislation": "uksi/2015/544",
  "legislation_title": "The Life Insurance Qualifying Policies (Statement and Reporting Requirements) (Amendment) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/life-insurance-qualifying-policies-statement-and-reporting-requirements-amendment-regulations-2015",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nChanges to the Life Insurance Qualifying Policy Regime were introduced by Finance Act 2013 which inserted paragraph B3 to Schedule 15 of the Income and Corporation Taxes Act 1988. The provisions require beneficiaries of qualifying policies to make statements to the insurer in respect of qualifying policies on the occurrence of certain events. The Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013 provide for exceptions from this requirement.\nThese Regulations provide for another exception to the requirement for beneficiaries to make a statement.\nA Tax Information and Impact Note is attached to this memorandum and will be published alongside the Explanatory Memorandum on www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/544/note",
    "retrieved_at": "2026-10-28T23:44:22.155964+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."
}