489 Conditions applicable to alterations of life insurance policy terms
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

489  Conditions applicable to alterations of life insurance policy terms

(1)     Conditions A to E are the conditions referred to in section 488.

(2)     Condition A is that the policy was issued in respect of an insurance made at least 20 years before the alteration.

(3)     Condition B is that the alteration results from a decision by the insurance company that it will not collect further premiums due

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