# Policyholders Protection Act 1975 (repealed), Section 8A: General contracts made by friendly societies

Extent: E+W+S+N.I.

Subject to sections 13 and 14 below, where the Board’s functions are exercisable in relation to a closing society, it shall be the duty of the Board to secure that a sum equal to ninety per cent of the amount of any liability of the society to a private policyholder (within the meaning of section 6(7) above) under the terms of a contract the effecting of which constituted the carrying on of general business of any class and which was a United Kingdom policy at the beginning of the liquidation is paid to the member as soon as reasonably practicable after the beginning of the liquidation.

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Source: https://www.legislation.gov.uk/ukpga/1975/75/section/8A (the official version)
Page: https://openlegislation.uk/policyholders-protection-act-1975-repealed/section-8A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.