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.