Introductory Title and commencement (1) This Order may be cited as the Industrial Assurance...
SCHEDULES
Requirements as to death certificates
4.Paragraphs 5 to 9 have effect with regard to the production of certificates of death...
5.An industrial assurance company shall not, by virtue of or in connection with any relevant...
6.On so making payment of any such sum, the industrial assurance company shall cause to...
7.Where an industrial assurance company is charged with a contravention of paragraph 2 in respect...
8.The provisions of paragraphs 4 and 5 of Schedule 5 to the Friendly Societies Act...
9.On production to an industrial assurance company of a duplicate which records a requirement for...
MATTERS TO BE SET OUT IN STATEMENTS OF PROTECTIVE PROVISIONS
PROVISIONS AS TO VALUATIONS AND RELATED MATTERS
1.The valuation shall be made by an actuary as defined by section 96(1) of the...
2.The report containing the abstract of the valuation required by section 34 of the Friendly...
3.Where the balance sheet of . . . an industrial assurance company includes amongst the...
4.Where debentures have been issued or loans raised which are charged on any of the...
5.(1) Subject to sub-paragraph (2), if the Commission is satisfied on any valuation— (a) that...
6.The Commission may direct any . . . industrial assurance company to furnish to it...
7.Where a valuation discloses a deficiency, the Commission may, if, after investigation, it is satisfied...
RULES FOR VALUING POLICIES AND FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY
PART I RULES FOR VALUING POLICIES
1.The value of the policy is to be the difference between the present value of...
2.Subject to paragraphs 3 to 5, the net premium is to be such premium as,...
3.In the case of a policy, other than a policy for the whole term of...
4.In the case of a policy for the whole term of life issued before the...
5.In the case of a substituted policy, the net premium shall be calculated with reference...
PART II RULE FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY
PART III GENERAL RULES APPLICABLE FOR PURPOSES OF PARTS I AND II
7.Interest is to be assumed at the rate of 4 per cent. per annum.
8.The rate of mortality is to be assumed according to the table contained in column...
9.The age of the person whose life is assured shall be obtained by adding to...
10.In the case of a policy issued for a term other than the whole term...
PART IV MODIFICATIONS OF THIS SCHEDULE IN RELATION TO CERTAIN POLICIES
SPECIAL RULES AS TO CERTAIN FREE PAID-UP POLICIES
1.Subject to paragraph 2, the free paid-up policy of a registered friendly society or an...
2.Where any sum has been paid by the registered friendly society or industrial assurance company...
3.Where the surrendered policy provided for payment of a sum by way of return of...
4.In paragraphs 1 and 3 the words “premiums actually paid”, in their application to a...
5.In its application to a policy of which the sum assured or guaranteed has been...
5A.In its application to a policy of which the sum assured or guaranteed has been...
6.For the purpose of this paragraph and of paragraph 5( b )(i): “the original premiums”...
5.Any endowment policy issued before 1st January 1925, which would have been in force on...
7.Any certificate of exemption issued under section 11 of the Collecting Societies and Industrial Assurance...
8.The provisions of Part VI of the Reserve and Auxiliary Forces (Protection of Civil Interests)...
9.(1) The inclusion in this Order of any express amendment or saving shall not be...