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Industrial Assurance (Northern Ireland) Order 1979

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  1. Introductory Text

  2. Introductory Title and commencement (1) This Order may be cited as the Industrial Assurance...

    1. Introductory

      1. 1.Title and commencement

      2. 2.Interpretation

    2. Industrial assurance

      1. 3.Industrial assurance business

      2. 3A.(1) Subject to paragraphs (2) to (4), a collecting society...

      3. 4.The Industrial Assurance Commissioner for Northern Ireland

    3. Provisions applying only to collecting societies

      1. 5.Name of society

      2. Arts. 6‐8 rep. by 1992 c. 40

      3. 9.Obligations as to delivery of policies and copies of rules, etc.

      4. Arts. 10, 11 rep. by 1992 c. 40

      5. 12.Exemptions, total and partial

      6. 13.Power to exempt societies registered in Great Britain

      7. 14.Conditional exemption of juvenile societies

    4. Provisions applying only to industrial assurance companies

      1. 15.Prohibition of insuring money to be paid on death of a child under 10

      2. 16.Insurance on life of parent or grandparent

      3. 17.Prohibition of charges on industrial assurance fund

      4. 18.Investigation of affairs

      5. 19.Order to have effect notwithstanding rules or special Act

    5. Provisions applying to both collecting societies and industrial assurance companies

      1. 20.Illegal policies

      2. 21.Premium receipt books

      3. 21A.A receipt must state— (a) the number of the policy...

      4. 21B.(1) This Article applies if a society or company provides...

      5. 22.Matters to be set out in premium receipt books

      6. 23.Returns as to industrial assurances

      7. 24.Valuations, etc.

      8. 25.General meetings

    6. Rights of owners of policies

      1. 26.Proposals for policies

      2. 27.Misstatements, and non-disclosure, in proposals

      3. 28.Return of policies and premium receipt books after inspection

      4. 29.A forfeiture shall not be incurred by any member or...

      5. 30.Provisions as to forfeited policies

      6. 31.Substitution of policies

      7. 32.Transfers from one society or company to another

      8. 33.Payment of claims

      9. 34.Value of policies

      10. 35.Rights of owners of certain endowment policies

    7. Disputes

      1. 36.Disputes

    8. Provisions as to collectors, etc.

      1. 37.Disabilities of collectors etc.

      2. 38.Restriction on employment of persons to procure new business

    9. Amalgamations, transfers and conversions

      1. Art. 39 rep. by 1992 c. 40

      2. 40.Transfer of business from company to society

      3. Art. 41 rep. by 1992 c. 40

    10. Offences

      1. 42.Offences by collecting societies

      2. 43.Offences by industrial assurance companies

      3. 44.Offences by registered friendly societies other than collecting societies

      4. 45.Offences by collectors, etc.

      5. 46.Supplementary matters connected with offences

      6. 47.Penalties for falsification

    11. Miscellaneous

      1. 48.Notices

      2. 49.Regulations

      3. Arts. 50, 51 rep. by 1992 c. 40

      4. 52.Power to extend references in this Order and other legislation to residence in, or outside, the United Kingdom and the Isle of Man

      5. Article 53, with Schedule 8, effects amendments

      6. 54.Saving and transitional provisions

      7. Article 55, with Schedule 10, effects repeals

  3. SCHEDULES

      1. Schedules 1, 2 rep. by 1992 c. 40

    1. SCHEDULE 3

      LIMITATIONS AND OTHER PROVISIONS AFFECTING INSURANCE BY INDUSTRIAL ASSURANCE COMPANY OF LIFE OF A PARENT OR GRANDPARENT

      1. Limitations as to residence

        1. Para. 1 rep. by SI 2001/3647

      2. Limitations as to sum insured

        1. 2.Sub-para. (1) rep. by SI 2001/3647 (2) Where an insurance...

      3. Limitations as to alienation

        1. 3.Where, under any relevant insurance, money is for the time...

      4. Requirements as to death certificates

        1. 4.Paragraphs 5 to 9 have effect with regard to the...

        2. 5.An industrial assurance company shall not, by virtue of or...

        3. 6.On so making payment of any such sum, the industrial...

        4. 7.Where an industrial assurance company is charged with a contravention...

        5. 8.The provisions of paragraphs 4 and 5 of Schedule 5...

        6. 9.On production to an industrial assurance company of a duplicate...

      5. Interpretation

        1. 10.In this Schedule— “registered friendly society” includes a branch of...

        2. 11.References in Article 16(1) and this Schedule to a payment...

    2. SCHEDULE 4

      MATTERS TO BE SET OUT IN PREMIUM RECEIPT BOOKS

      1. 1.The following matters shall be set out in premium receipt...

    3. SCHEDULE 4A

      MATTERS TO BE SET OUT IN STATEMENTS OF PROTECTIVE PROVISIONS

      1. 1.Subject to paragraph 2, the matters required to be set...

      2. 2.A statement setting out the effect of any provision mentioned...

    4. SCHEDULE 5

      PROVISIONS AS TO VALUATIONS AND RELATED MATTERS

      1. 1.The valuation shall be made by an actuary as defined...

      2. 2.The report containing the abstract of the valuation required by...

      3. 3.Where the balance sheet of... an industrial assurance company includes...

      4. 4.Where debentures have been issued or loans raised which are...

      5. 5.(1) Subject to sub-paragraph (2), if the Commission is satisfied...

      6. 6.The Commission may direct any... industrial assurance company to furnish...

      7. 7.Where a valuation discloses a deficiency, the Commission may, if,...

    5. SCHEDULE 6

      RULES FOR VALUING POLICIES AND FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY

      1. PART I RULES FOR VALUING POLICIES

        1. 1.The value of the policy is to be the difference...

        2. 2.Subject to paragraphs 3 to 5, the net premium is...

        3. 3.In the case of a policy, other than a policy...

        4. 4.In the case of a policy for the whole term...

        5. 5.In the case of a substituted policy, the net premium...

      2. PART II RULE FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY

        1. 6.Subject to Article 35 and Schedule 7, the amount of...

      3. PART III GENERAL RULES APPLICABLE FOR PURPOSES OF PARTS I AND II

        1. 7.Interest is to be assumed at the rate of 4...

        2. 8.The rate of mortality is to be assumed according to...

        3. 9.The age of the person whose life is assured shall...

        4. 10.In the case of a policy issued for a term...

      4. PART IV MODIFICATIONS OF THIS SCHEDULE IN RELATION TO CERTAIN POLICIES

        1. 11.In its application to the valuation of a policy of...

        2. 12.In its application to the valuation of a policy of...

    6. SCHEDULE 7

      SPECIAL RULES AS TO CERTAIN FREE PAID-UP POLICIES

      1. 1.Subject to paragraph 2, the free paid-up policy of a...

      2. 2.Where any sum has been paid by the registered friendly...

      3. 3.Where the surrendered policy provided for payment of a sum...

      4. 4.In paragraphs 1 and 3 the words “premiums actually paid”,...

      5. 5.In its application to a policy of which the sum...

      6. 5A.In its application to a policy of which the sum...

      7. 6.For the purpose of this paragraph and of paragraph 5(...

      1. Schedule 8—Amendments

    7. SCHEDULE 9

      SAVINGS AND TRANSITIONAL PROVISIONS

      1. Savings for policies on lives of persons ordinarily resident outside the United Kingdom and the Isle of Man or effected before certain dates

        1. Para. 1 rep. by SI 2001/3647

        2. 2.(1) Notwithstanding the repeal by this Order of section 4...

        3. 3.For the purpose of calculating the maximum sum which may......

        4. Para. 4 rep. by SI 2001/3647

        5. 5.Any endowment policy issued before 1st January 1925, which would...

      2. Transitional provisions

        1. Para. 6 rep. by SI 2001/3647

        2. 7.Any certificate of exemption issued under section 11 of the...

        3. 8.The provisions of Part VI of the Reserve and Auxiliary...

        4. 9.(1) The inclusion in this Order of any express amendment...

      3. Interpretation

        1. Para. 10 rep. by SI 2001/3647

      1. Schedule 10—Repeals

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