SCHEDULES
F5SCHEDULE 17 Amendments of Policyholders Protection Act 1975
9
In section 11 (special provision for future benefits under long term policies) after F1subsection (3A) there shall be inserted the following subsection—
F23B
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
F3b
in subsection (5)(b) below, with the insertion after the words “this Act applies" of the words “or authorised friendly society",
SCHEDULE 17 Amendments of Policyholders Protection Act 1975
9
In section 11 (special provision for future benefits under long term policies) after subsection (3A) there shall be inserted the following subsection—
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
b
in subsection (5)(b) below, with the insertion after the words “this Act applies" of the words “or authorised friendly society",
Schs. 17-19 shall cease to have effect (17.8.2001 for specified purposes and otherwiseprosp.) by virtue of S.I. 2001/2617, arts. 2(a), 8(1), 13(1), Sch. 3 para. 130 (with art. 13(3), Sch. 5) and are repealed (prosp.) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5)