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Friendly Societies Act 1992

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Changes over time for: Paragraph 16B

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Version Superseded: 01/04/2013

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Point in time view as at 17/08/2001.

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[F116B(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15A above and F2. . .–U.K.

F3.0. .as regards any policy included in the transfer, [F4an EEA State] other than the United Kingdom is the State in which the commitment is situated; F3. . .

F5(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The Commission shall direct that–

(a)notice of the making of any order, or the execution of any instrument, giving effect to the transfer shall be published in the [F4 EEA State]. . . which is the State in which the commitment is situated; and

(b)the notice shall specify the period during which the policy holder may exercise any right to cancel the policy;

and the instrument or order shall not bind the policy holder if either such a notice is not so published or the policy holder exercises any such right during the period so specified.

(3)The law of the [F4 EEA State]. . . which is the State in which the commitment is situated shall determine–

(a)whether the policy holder has a right to cancel the policy; and

(b)the conditions applicable to any such right.]

Textual Amendments

F2Words in Sch. 15 para. 16B repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.

F3Words in Sch. 15 para. 16B(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.

F4Words in Sch. 15 para. 16B substituted (1.1.1998) by S.I. 1997/2849, reg. 3

F5Sch. 15 para. 16B(1)(b) repealed (1.1.1998) by S.I. 19997/2849, reg. 5, Sch.

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