Regulation 2 Amendment of the Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013

The Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013^f1 are amended as follows.

In regulation 3 (exceptions to the requirement to make a statement), in sub-paragraph (c) for “occurs.” substitute—

• “occurs;

  1. (d)

     on the occurrence of an event within paragraph B3(1)(e) or (f) of Schedule 15 in respect of a policy, if—

     1. (i)

        the policy is a protected policy within paragraph A4 of Schedule 15, and

     2. (ii)

        the policy is a paid-up policy.”