SCHEDULES

SCHEDULE 15 QUALIFYING POLICIES

PART I QUALIFYING CONDITIONS

Special types of policy

(ii) Industrial assurance policies

F18A

(1)

Paragraphs 7 and 8 above shall have effect in relation to any policy issued on or after the appointed day as if the references to the issue of a policy in the course of an industrial assurance business were references to the issue of a policy by any company in a case in which—

(a)

the company, before that day and in the course of such a business, issued any policy which was a qualifying policy by virtue of either of those paragraphs; and

(b)

the policies which on 28th November 1995 were being offered by the company as available to be issued included policies of the same description as the policy issued on or after the appointed day.

(2)

In this paragraph “the appointed day” means such day as the Board may by order appoint.