In the event of the death of a contributor in respect of a savings contract, the production of probate or letters of administration granted, or having effect as if granted, in respect of personal estate comprising the benefit of the savings contract by a court in Great Britain, Northern Ireland, the Isle of Man or the Channel Islands, or of a certified copy thereof, shall, subject to the provisions of these Regulations, be sufficient authority to the authority to pay the amount repayable in respect of the savings contract to the person to whom the grant was made, or as directed by that person.

Where the amount repayable in respect of a savings contract is paid in purported pursuance of this Regulation, the payment shall, notwithstanding the invalidity of, or any defect in, the probate or letters of administration, be deemed for the purposes of these Regulations to have been duly made.