The Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013 No. 1820

Exceptions to the requirement to make a statement

3.  A beneficiary is not required to make a statement under paragraph B3(2) of Schedule 15 in the following circumstances—

(a) on the issue of a policy, if—

(i) the information that must be included in a statement has been provided to the issuer in connection with the application for the issue of that policy, and

(ii) that information has not changed since making the application;

(b) on an assignment of a share in any rights under a policy, if—

(i) the beneficiary has previously made a statement under paragraph B3(2) of Schedule 15 in respect of that policy, and

(ii) that information has not changed since making that statement;

(c) on a deceased beneficiary event, if before the event the beneficiary is a beneficiary under the policy in relation to which the event occurs.