Married Women’s Policies of Assurance (Scotland) (Amendment) Act 1980

1 Extension of s. 2 1880 Act to policies effected by married women or unmarried persons. S

Subject to the provisions of this Act, section 2 of the 1880 Act (which provides that a policy of assurance effected by any married man on his own life, and expressed upon the face of it to be for the benefit of his wife, or children, or both, shall be deemed a trust for their benefit) shall have effect as if—

(a) for the words from the beginning to “for the benefit of his wife and children” there were substituted the words “ A policy of assurance effected by a man or woman on his or her own life, and expressed upon the face of it to be for the benefit of his or her spouse or children, or his or her spouse and children, or any of them, shall together with all benefit thereof, be deemed a trust for their benefit; ”;

(b) after the words “him” or “his” wherever occurring there were inserted the words “ or her ”;

(c) at the end there were added the following paragraph—

“In this section—

“spouse” includes a person, named in the policy as a beneficiary, who becomes the spouse of the person effecting the policy; and

“children” includes children that the person effecting the policy has or may have, including his or her illegitimate or adopted children, but does not include children of his or her spouse and another person, unless they have been adopted by the person effecting the policy.”.

Modifications etc. (not altering text)

C1 The text of s. 1 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.