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INDUSTRIAL ASSURANCE (NORTHERN IRELAND) ORDER 1979 - SECT 34 



34.(1) Where, for the purposes of this Order, the value of a policy (including
an illegal policy and a policy beyond the legal powers of a collecting society
or industrial assurance company) has to be ascertained, the value of the
policy shall be calculated in accordance with the rules set out in Schedule 6.

(2) The surrender value of such a policy shall be an amount equal to 75 per
cent. of the value of the policy so calculated.

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© 1979 Crown Copyright

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