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Friendly Societies Act 1974

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This is the original version (as it was originally enacted).

The Industrial Assurance Act 1923 (c. 8)

2In section 3 of the Industrial Assurance Act 1923, after the word " provisions " there shall be inserted the words " of sections 72 and 73 of the Friendly Societies Act 1974 as they apply to collecting societies and ".

3In section 8 of the said Act—

(a)in subsection (2)(b), for the words "except where section 10(2) of the Friendly Societies Act 1971 applies" there shall be substituted the words " subject to subsection (4) of this section "; and

(b)at the end thereof there shall be added the following subsection:—

“(4)Nothing in paragraph (a) of subsection (2) of this section shall require the inclusion in the rules of a collecting society of tables relating to policies issued in pursuance of approved group insurance business, within the meaning of section 65 of the Friendly Societies Act 1974, conducted by the society.”.

4In section 20(1)(b) of the said Act, after the word " conferred " there shall be inserted the words " on collecting societies by paragraph 2(d) of Schedule 1 to the Friendly Societies Act 1974 and on industrial assurance companies ".

5In section 36 of the said Act—

(a)in subsection (1), for the words from the beginning to " application" there shall be substituted the words " Sections 82 and 83 of the Friendly Societies Act 1974 in their application " , and after the word " modifications " there shall be inserted the words—

“(i)subsections (3) and (5) of section 82 shall be omitted ; and”;

(b)in subsection (2), for the words " The said sections " there shall be substituted the words " Sections 82 and 83 of that Act ", for the words " subsection (3) of the said section 1 " there shall be substituted the words " subsection (2) of the said section 82 " and the words from "and section seventy-one " to the end of the subsection shall be omitted.

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