The Industrial Assurance (Life Assurance Premium Relief) (Amendment) Regulations 1984

• Citation: S.I. 1984/322
• Sections: 3

Section 1

These regulations may be cited as the Industrial Assurance (Life Assurance Premium Relief) (Amendment) Regulations 1984 and shall come into operation on 14th March 1984.

Section 2

Nothing in regulation 3(1) of the Industrial Assurance (Life Assurance Premium Relief) Regulations 1977 (“the 1977 Regulations”) shall be taken to have authorised the adoption of any scheme to the extent that, by virtue of the scheme, payments due and payable under—

(a) policies in respect of assurances made after 13th March 1984, or

(b) contracts made after that date,

would, apart from these Regulations, have been retained by or refunded to the persons paying them.

Section 3

In consequence of regulation 2 above, the 1977 Regulations shall have effect with the following modifications—

(a) in regulation 3(2), for the words “policies or contracts to which” there shall be substituted the words—

(a) policies in respect of assurances made before 14th March 1984, or

(b) contracts made before that date, to which

and

(b) in Schedule 1 (the prescribed scheme) in paragraph 1 (contracts to which the scheme) applies, after the word “contract” there shall be inserted the words “made before 14th March 1984” .