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Friendly Societies Act 1992

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Changes over time for: Paragraph 9

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No longer has effect: 01/12/2001

Alternative versions:

Status:

Point in time view as at 01/01/1994. This version of this provision never came into effect. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Friendly Societies Act 1992, Paragraph 9. Help about Changes to Legislation

Prospective

9In section 11 (special provision for future benefits under long term policies) after [F2subsection (3A)] there shall be inserted the following subsection—

[F3(3B)]This section applies to a long term policy of a closing society as it applies to a long term policy of a company in liquidation but—

(a)with the addition at the end of subsection (3) above of the words “subject to the giving up of any right to a payment on dissolution of the society"; and

[F4(b)in subsection (5)(b) below, with the insertion after the words “this Act applies" of the words “or authorised friendly society",][F5and in subsection (5)(a) for “another" there shall be substituted “an"]

Textual Amendments

F2Words in Sch. 17 para. 9 substituted (19.3.1997) by 1997 c. 18, ss. 20, 23(2), Sch. 4 para. 5(a)

F3Words in Sch. 17 para. 9 renumbered (19.3.1997) by 1997 c. 18 ss. 20, 23(2), Sch. 4 para. 5(b)

F4Words in Sch. 17 para. 9 substituted (19.3.1997) by 1997 c. 18, ss. 20, 23(2), Sch. 4 para. 5(b)

F5Words in Sch. 17 para. 9 inserted (19.3.1997) by 1997 c. 18, ss. 20, 23(2), Sch. 4 para. 5(c)

9In section 11 (special provision for future benefits under long term policies) after subsection (3) there shall be inserted the following subsection—

(3A)This section applies to a long term policy of a closing society as it applies to a long term policy of a company in liquidation but—

(a)with the addition at the end of subsection (3) above of the words “subject to the giving up of any right to a payment on dissolution of the society"; and

(b)in subsection (5) below, with the insertion after the words “insurance company" of the words “or friendly society".

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