Schedule 19C, Part 2, paragraph 4

This paragraph applies where the value of a right under a relevant contract of insurance is wholly or partly determined by reference to property of any description. The reference in paragraph 3(1) to the surrender of rights by a policyholder includes the exercise by the policyholder of a contractual right to change the property by reference to which the value of a right is (wholly or partly) determined.

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Source: legislation.gov.uk · retrieved 2026-09-04