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Friendly Societies Act 1992
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- UK Public General Acts
- 1992 c. 40
- SCHEDULE 15
- Part II
- Rights of policy holders
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Changes over time for: Cross Heading: Rights of policy holders
Version Superseded: 01/04/2013
Alternative versions:
- 01/09/1994- Amendment
- 01/01/1998- Amendment
- 17/08/2001
Point in time - 01/04/2013- Amendment
- 31/12/2020- Amendment
Status:
Point in time view as at 17/08/2001.
Changes to legislation:
There are currently no known outstanding effects for the Friendly Societies Act 1992, Cross Heading: Rights of policy holders.
Changes to Legislation
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[F1Rights of policy holders]U.K.
Textual Amendments
F1Sch. 15 para. 16A and Cross-heading inserted (1.9.1994) by S.I. 1994/1984, reg. 25, Sch. 4 para. 5
[F216A(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15 above and F3. . .–U.K.
F4.0. .as regards any policy included in the transfer, [F5an EEA State] other than the United Kingdom is the [F5EEA State] in which the risk is situated; F4. . .
F6(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The Commission shall direct that–
(a)notice of its decision, and of the execution of any instrument giving effect to the transfer, shall be published in the [F5EEA State]. . .; and
(b)the notice shall specify the period during which the policy holder may exercise any right to cancel the policy;
and the instrument 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 [F5EEA State]. . . in which the risk 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
F2Sch. 15 para. 16A inserted (1.9.1994) by S.I. 1994/1984, reg. 25 Sch. 4 para. 5
F3Words in Sch. 15 para. 16A repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.
F4Words in Sch. 15 para. 16A(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.
F5Words in Sch. 15 para. 16A substituted (1.1.1998) by S.I. 1997/2849, reg. 3
F6Sch. 15 para. 16A(1)(b) repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.
[F716B(1)This paragraph applies where the Commission confirms a transfer in accordance with paragraph 15A above and F8. . .–U.K.
F9.0. .as regards any policy included in the transfer, [F10an EEA State] other than the United Kingdom is the State in which the commitment is situated; F9. . .
F11(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 [F10 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 [F10 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
F7Sch. 15 para. 16B inserted (1.9.1994) by S.I. 1994/1984, reg. 25 Sch. 4 para. 6
F8Words in Sch. 15 para. 16B repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.
F9Words in Sch. 15 para. 16B(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.
F10Words in Sch. 15 para. 16B substituted (1.1.1998) by S.I. 1997/2849, reg. 3
F11Sch. 15 para. 16B(1)(b) repealed (1.1.1998) by S.I. 19997/2849, reg. 5, Sch.
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