11 Group insurance
Friendly Societies Act 1992 (1992 c 40) | Legislation

11  Group insurance

(1)     An incorporated friendly society may include among its purposes the carrying on of any group insurance business.

(2)     In this Act “group insurance business” means business (carried on in accordance with the society's rules) which—

(a)     is of a description falling within Head A, or class 2 of Head B, of Schedule 2 to this Act; and

(b)     is carried on as the business of providing benefits, in pursuance of a contract with a qualifying person, for or in respect of the members of a group scheme.

(3)     For the purposes of this section—

“group scheme” means a scheme or other arrangement under which benefits are to be provided for or in respect

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