The Life Insurance Qualifying Policies (Statement and Reporting Requirements) (Amendment) Regulations 2015
Changes to the Life Insurance Qualifying Policy Regime were introduced by Finance Act 2013 which inserted paragraph B3 to Schedule 15 of the Income and Corporation Taxes Act 1988. The provisions require beneficiaries of qualifying policies to make statements to the insurer in respect of qualifying policies on the occurrence of certain events. The Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013 provide for exceptions from this requirement.