Part IV Authorisation of Friendly Societies’ Business

Supplementary

I143 Interpretation of Part IV.

In this Part of this Act—

  • authorisation” and related expressions shall be construed in accordance with section 32(9) above;

  • class”, in relation to insurance business, means a class specified in Schedule 2 to this Act;

  • contract for non-insurance benefits” means a contract effected in the course of carrying on any non-insurance business;

  • friendly society”, in relation to a registered friendly society with branches, means the central body and the branches of the society;

  • industrial assurance business” has the meaning given in section 1(2) of the M1Industrial Assurance Act 1923 or Article 3(1) of the M2Industrial Assurance (Northern Ireland) Order 1979;

  • the 1987 Regulations” means the M3Friendly Societies (Long Term Insurance Business) Regulations 1987.