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Friendly Societies Act 1992

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BGeneral business of one or more of the following classes:

NumberDescriptionNature of business
1Accident

Effecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of both) against risks of the person insured:

(a)

sustaining injury as the result of an accident or of an accident of a specified class, or

(b)

dying as the result of an accident or of an accident of a specified class, or

(c)

becoming incapacitated in consequence of disease or of disease of a specified class,inclusive of contracts relating to industrial injury and occupational disease but exclusive of contracts falling within Class 2 below or within Class IV in head A of this Schedule (permanent health).

2SicknessEffecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of the two) against risks of loss to the persons insured attributable to sickness or infirmity, but exclusive of contracts falling within Class IV in head A of this Schedule.
3Miscellaneous financial loss

Effecting and carrying out contracts of insurance against any of the following risks, namely:

(a)

risks of loss to the persons insured attributable to their being unemployed, or

(b)

risks of loss to the persons insured attributable to their being in distressed circumstances, or

(c)

risks of loss to the persons insured attributable to sickness or infirmity,

but exclusive of contracts falling within Class 2 above or Class IV in head A of this Schedule.

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