Certain pre-23rd March 1999 policies not foreign capital redemption policies
This section has no associated Explanatory Notes
113A capital redemption policy where the contract was made before 23rd March 1999 is only a “foreign capital redemption policy” for the purposes of Chapter 9 of Part 4 if—
(a)it falls within paragraph (a) of the definition of that expression in section 476(3), and
(b)it is not excluded by paragraph 104 (certain pre-23rd February 1984 policies not foreign capital redemption policies).