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Industrial Assurance Act 1923 (repealed )

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Changes over time for: Section 10

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Version Superseded: 01/12/2001

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Status:

Point in time view as at 01/02/1993. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Industrial Assurance Act 1923 (repealed ), Section 10. Help about Changes to Legislation

10 Exemptions, total and partial.E+W+S

[F1(1)The Commission may, on the application of a collecting society, grant it a certificate of exemption from all or any of the provisions of this Act, in any case where the Commission is satisfied that the society does not or will not carry on the business of effecting assurances upon human life, premiums in respect of which are received by means of collectors at a greater distance than ten miles from the registered office of the society, and where the Commission is of opinion that the society is not one to which those provisions ought to apply.]

(2)A certificate of exemption under this section shall be granted subject to the condition that the society will not employ collectors to receive premiums on policies issued by the society at a greater distance than ten miles from the registered office of the society, and, if in the case of any society to which a certificate of exemption has been so granted, the said condition is at any time not complied with, the society and any collector so employed shall be deemed to have contravened the provisions of this Act, and this Act shall be deemed as from the date of such non-compliance to have applied to the society as if no such certificate of exemption had been granted to it.

(3)The certificate shall be subject to revocation by the [F2Commission], but shall remain in force until so revoked, and until notice of the revocation has been advertised in the Gazette and in some newspaper in general circulation in the neighbourhood of the registered office of the society, and also transmitted by registered letter to the society.

(4)Where at the commencement of this Act there is in force a certificate of examption issued under section eleven of the M1Collecting Societies and Industrial Assurance Companies Act 1896, or the corresponding provision of any Act repealed by that Act, the certificate shall, after the commencement of this Act, continue in force until revoked and have effect as if it were a certificate issued under this section exempting the society from all the provisions of this Act.

Textual Amendments

F1S. 10(1) substituted (E.W.S.) (1.2.1993 for specified purposes and 28.4.1993 for all remaining purposes) by Friendly Societies Act 1992 (c. 40), s. 100 (with ss. 7(5), 93(4)), Sch. 19 Pt. I para.3; S.I. 1993/16, art. 2, Sch4; S.I. 1993/1186, art. 2, Sch.2

F2Word in s. 10(3) substituted (E.W.S.) (1.2.1993 for specified purposes and 28.4.1993 for all remaining purposes) by Friendly Societies Act 1992 (c. 40), s. 100, (with ss. 7(5), 93(4)), Sch. 19 Pt. I para. 5(1)(a); S.I. 1993/16, art. 2, Sch.4; S.I. 1993/1186, art. 2, Sch.2

Modifications etc. (not altering text)

C1S. 10(1) restricted (1.5.1993) by S.I. 1993/932, art.10

Marginal Citations

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