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13.—(1) Amend regulation 14(1) as follows.
(2) In paragraph (2) for “paragraph (3)” substitute “paragraphs (3) and (3A)”.
(3) After paragraph (3) insert—
“(3A) Subject to paragraph (3) above, where the policy is for term assurance business, the territory in which the policy holder was residing at the time the policy was made or transferred shall be the territory in which, to the best of the company’s knowledge or belief, the policy holder was residing at the time the policy was made or transferred.”
(4) In paragraph (4) for “or (3)” substitute “, (3) or (3A)”.
Relevantly amended by S.I. 1999/2839, regulation 14(4) and (6).
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