Commentary on Sections Schedule 27 - Minor and consequential amendments Paragraph 141 –to 142 – Friendly Societies Act 1992 (c. 40)
1035.Paragraph 141 amends section 77 of the Friendly Societies Act 1992 which concerns the information to be disclosed in a friendly society’s balance sheet as regards the society’s appointed actuary, and that actuary’s spouse, children or stepchildren. It extends the disclosure provision in subsection 3(a) to include the civil partner of an actuary as well as the spouse.
1036.Paragraph 142 amends the meaning of “associate” in section 119A of the 1992 Act to include a civil partner as well as a wife or husband.
1037.Among the activities that a friendly society incorporated under the 1992 may conduct is the provision of insurance policies that pay out a sum of money on marriage or the birth of a child. Paragraph 143 amends Schedule 2 to the 1992 Act to allow incorporated friendly societies to provide insurance policies that pay out in the event of formation of a civil partnership.