Search Legislation

THE INDUSTRIAL ASSURANCE (PERMIUM RECEIPT BOOKS) REGULATIONS, 1948.

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more

1.  A premium receipt book provided for use in respect of any policy or policies effected on or after the 5th day of July, 1949, shall contain the following particulars in respect of each such policy to which the book relates:—

(a)the number (if any) and date of the policy;

(b)the name and age of the life assured, as stated on the proposal;

(c)the name of the proposer as stated on the proposal; and

(d)the amount of the premium and the interval at which it is payable.

2.  An entry relating to a policy proposed by any person and effected on or after the 5th day of July, 1949, shall not be made in any book containing an entry (other than an entry made in accordance with the proviso to this Regulation) relating to any policy not proposed by that person:

Provided that this Regulation shall not prohibit the making in a book in respect of any policy proposed by that person of an entry relating to a policy the proposer of which is a child, stepchild or grandchild of that person and is under sixteen years of age when the entry is made, or is the spouse of that person.

3.  Any collector who receives a payment in respect of a policy or policies shall enter in the appropriate book the amount of the payment and shall initial the entry.

4.—(1) An entry relating to a policy on which none of the premium payments is in arrear shall not be made in a book relating to a policy on which a premium payment is in arrear, unless the book contains a previous entry relating to the first-mentioned policy.

(2) An entry relating to a policy on which a premium payment is in arrear shall not be made in a book relating to a policy or policies on none of which a premium payment is in arrear, unless the book contains a previous entry relating to the first-mentioned policy.

(3) For the purposes of this Regulations two books, one of which has been provided to replace or continue the other, shall be deemed to be the same book, and in the case of any books divided into sections containing separate entries in respect of one or more policies, each such section shall be deemed to be a separate book.

5.  A Society or a Company or a collector shall not cause or permit a premium receipt book to be provided or any entry to be made therein which does not comply with any of the provisions of these Regulations.

6.—(1) The Interpretation Act, 1889, shall apply to the interpretation of these Regulations as it applies to the interpretation of an Act of Parliament.

(2) In these Regulations—

(a)premium receipt book” or “book” means a premium receipt book provided for the purposes of Section 8 (1) of the Industrial Assurance and Friendly Societies Act, 1948;

(b)policy” means a policy of industrial assurance;

(c)society” and “company” means a collecting society and an industrial assurance company respectively;

(d)proposerincludes a person on whose behalf a policy has been proposed and does not include a person who has proposed a policy on behalf of another, and the word “proposedshall be construed accordingly; and

(e)name” means surname together with the initial letter or letters of any christian name or names.

(3) These Regulations may be cited as the Industrial Assurance (Premium Receipt Books) Regulations, 1948, and shall come into operation on the 5th day of January, 1949.

B. K. White

Industrial Assurance Commissioner

We approve these Regulations.

Wm. Hannan

R. J. Taylor

Two of the Lords Commissioners of His Majesty's Treasury

17th December, 1948

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources