SCHEDULES
SCHEDULE 19 Industrial Assurance
Part I Great Britain
Industrial Assurance Act 1923
7
For section 23 there shall be substituted the following section—
23 Notice before forfeiture for default in paying industrial assurance premium.
A forfeiture shall not be incurred by any member or person assured in a collecting society or industrial assurance company by reason of any default in paying any premium under a contract, the effecting of which constituted the carrying on of industrial assurance business, until after—
a
notice stating the amount due from him, and informing him that in case of default of payment by him within 28 days and at a place to be specified in the notice his interest or benefit will be forfeited, has been served upon him by or on behalf of the society or company; and
b
default has been made by him in paying any premium in accordance with that notice.