Finance Act, 1986
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Amendment of section 8 (permanent health benefit schemes) of Finance Act, 1979. |
7.— Section 8 of the Finance Act, 1979 , is hereby amended by the insertion after subsection (5) of the following subsection: | |
“(6) (a) A policy of permanent health insurance, sickness insurance or other similar insurance issued in respect of an insurance made on or after the 6th day of April, 1986, shall be a permanent health benefit scheme within the meaning of this section if it conforms with a form which, at the time the policy is issued, is either— | ||
(i) a standard form approved by the Revenue Commissioners as a standard form of permanent health benefit scheme; or | ||
(ii) a form varying from a standard form so approved in no other respect than by making such alterations thereto as are, at the time the policy is issued, approved by the Revenue Commissioners as being compatible with a permanent health benefit scheme when made to that standard form and satisfying any conditions subject to which the alterations are so approved. | ||
(b) In approving a policy as a standard form of permanent health benefit scheme in pursuance of paragraph (a), the Revenue Commissioners may disregard any provision of the policy which appears to them insignificant.”. |