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Changes over time for: Paragraph 8


Timeline of Changes
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Status:
Point in time view as at 01/04/2013.
Changes to legislation:
There are currently no known outstanding effects for the Friendly Societies Act 1992, Paragraph 8.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
8U.K.After section 23 there shall be inserted the following section—
“ ReinsuranceU.K.
23A Reinsurance.
(1)The rules of a registered friendly society may provide for the carrying on by the society of any reinsurance business to which subsection (2) below applies but only to such extent or in such circumstances as may from time to time be approved by the appropriate actuary.
(2)This subsection applies to business consisting of the effecting and carrying out of contracts of reinsurance which—
(a)are insured or to be insured by any other registered society or any incorporated friendly society; and
(b)are of a class or part of a class of insurance business which the society carrying on the re-insurance business itself carries on.
(3)In this section “the appropriate actuary” has the same meaning as in the 1992 Act.”
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