SCHEDULES

SCHEDULE 4 Friendly societies: consequential amendments

Part II Application of the 1975 Act to existing contracts

13

In section 12—

a

in subsection (1)—

i

the words “Subject to subsection (1A) below,” shall be omitted, and

ii

for “is a qualifying policy” there shall be substituted “ was a United Kingdom policy at the beginning of the liquidation ”, and

b

subsection (1A) shall be omitted.