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The Friendly Societies (Insurance Business) Regulations 1993
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PART II
| Description of Assets | Percentage of general business or long term business net premium income |
|---|---|
14. Amounts recorded in the society’s books as due in respect of contributions or premiums which either— | 30% |
(a)have not been paid, or (b)have been received by an intermediary on behalf of the society, but have not been paid to the society by the intermediary, less any rebates, refunds and commission recorded in the society’s books as allowable or payable in respect of any such amounts. |
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