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Friendly Societies Act 1992

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Point in time view as at 29/06/2017.

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There are currently no known outstanding effects for the Friendly Societies Act 1992, Cross Heading: Rights of policy holders. Help about Changes to Legislation

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F1[Rights 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 [F3appropriate authority] confirms a transfer in accordance with paragraph 15 above and F4. . .–U.K.

F5.. . .as regards any policy included in the transfer, [F6an EEA State] other than the United Kingdom is the [F6EEA State] in which the risk is situated; F5. . .

F7(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The [F3appropriate authority] 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 [F6EEA State] F4. . .; 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 [F6EEA State] F4. . . 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

F4Words in Sch. 15 para. 16A repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.

F5Words in Sch. 15 para. 16A(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.

F6Words in Sch. 15 para. 16A substituted (1.1.1998) by S.I. 1997/2849, reg. 3

[F816B(1)This paragraph applies where the [F9appropriate authority] confirms a transfer in accordance with paragraph 15A above and F10. . .–U.K.

F11. . . .as regards any policy included in the transfer, [F12an EEA State] other than the United Kingdom is the State in which the commitment is situated; F11. . .

F13(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The [F9appropriate authority] 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 [F12 EEA State] F10. . . 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 [F12 EEA State] F10. . . 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

F10Words in Sch. 15 para. 16B repealed (1.1.1998) by S.I. 1997/2849, reg. 5, Sch.

F11Words in Sch. 15 para. 16B(1)(a) repealed (1.1.1998) by S.I. 1997/2849, reg. (5), Sch.

F12Words in Sch. 15 para. 16B substituted (1.1.1998) by S.I. 1997/2849, reg. 3

F13Sch. 15 para. 16B(1)(b) repealed (1.1.1998) by S.I. 19997/2849, reg. 5, Sch.

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