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Industrial Assurance and Friendly Societies Act 1929 (repealed 1.1.1994)

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Version Superseded: 01/01/1994

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1 Extension of purposes for which policies may be issued. E+W+S

(1)[F1Subject to the provisions of sections one and two of the M1Industrial Assurance and Friendly Societies Act 1948][F2as amended by the M2Industrial Assurance and Friendly Societies Act 1948 (Amendment) Act 1958] amongst the purposes for which . . . F3 industrial assurance companies may issue policies of assurance, there shall be included insuring money to be paid to the . . . F3 person assured on the duration for a specified period of the life of his parent, child, grand-parent, grandchild, brother or sister either with or without provision for the payment of money in the event of the death of any such person before the expiration of the period:

Provided that no such . . . F3 company shall insure or pay on the death of any person under such a policy as aforesaid, issued after the commencement of this Act, any sum of money exceeding a reasonable amount for funeral expenses.

(2)The issuing of such policies by . . . F3 an industrial assurance company shall, unless the premiums in respect thereof are payable at intervals of two months or more, be treated as part of the industrial assurance business of the . . . F3 company.

(3). . . . . F4

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