Industrial Assurance Act 1923
1 The Industrial Assurance Act 1923 [1923 c. 8.] shall be amended as follows.
(1) In section 1, for subsection (1A) there shall be substituted the following subsection -
"(1A) In this Act -
"collecting society" means an incorporated friendly society or registered friendly society which carries on industrial assurance business; and
"industrial assurance company" means a body corporate which carries on such business other than an incorporated friendly society."
(2) In subsection (2) of that section, in paragraph (d), for the words "the Commissioner hereinafter mentioned certifies" there shall be substituted "the relevant authority certifies".
3 In section 10, for subsection (1) there shall be substituted the following subsection -
"(1) The Commission may, on the application of a collecting society, grant it a certificate of exemption from all or any of the provisions of this Act, in any case where the Commission is satisfied that the soci