PART 3Friendly societies carrying on long-term business

Interpretation

C1174Index of defined terms

In this Part the following expressions are defined or otherwise explained by the provisions indicated—

Expression

Where explained

basic life assurance and general annuity business (abbreviated to “BLAGAB”)

sections 57, 67(5) and 172(2)

BLAGAB or eligible PHI business

section 154

contract of insurance

sections 64 and 172(2)

exempt BLAGAB or eligible PHI business

section 155

friendly society

section 172(1)

HMRC Commissioners

sections 139(1) and 172(2)

incorporated friendly society

section 172(1)

insurance business transfer scheme

sections 139(1) and 172(2)

insurance company

sections 65 and 172(2)

life assurance business

sections 56 and 172(2)

long-term business

sections 63(1) and 172(2)

old society

section 161(2)

PHI business

sections 63(2) and 172(2)

policy

section 172(1)

registered

section 172(5) and (6)

registered branch

section 172(1)

registered friendly society

section 172(1) and (3)

relevant other business

section 166

re-insurance

sections 139(1) and 172(2)