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5.—(1) Sums recoverable by a life office under paragraph 5(b) of Schedule 4 shall be recovered on a claim made to the Board for the purpose under these Regulations.
(2) A claim for any period allowed by these Regulations shall be a claim relating to the deficiency arising in respect of premiums received in that period, and accordingly references to premiums “for” a period are to premiums received in that period.
(3)
(4)
(5) A life office which carries on both industrial branch business and ordinary branch business may make annual and interim claims separately for business of each branch.
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