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INDUSTRIAL ASSURANCE (NORTHERN IRELAND) ORDER 1979 - SECT 26

26.(1) Every proposal for an industrial assurance policy shall, except where

(a)the policy is taken out on the life and on behalf of a child under the age
of 16 years; or

(b)the policy assures a payment of money on the death of a parent or
grandparent and is effected in exercise of the power conferred by Article 16;
or

(c)the person whose life is to be assured under the policy is a person in whom
the proposer has an insurable interest;

(2) Where the person whose life is to be assured under the policy is a person
in whom the proposer has an insurable interest, the proposal shall contain a
statement of the nature of that interest.

(3) A collecting society or industrial assurance company shall not, nor shall
any collector or agent of such a society or company, issue a proposal form or
accept a proposal which does not comply with the foregoing provisions of this
Article.

© 1979 Crown Copyright

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