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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Health and employment insurance payments

  • Section 735 Health and employment insurance payments
  • Section 736 Health and employment risks and benefits
  • Section 737 Period for which payments may be made
  • Section 738 Risk of significant loss
  • Section 739 Conditions to be met by policies also providing other benefits
  • Section 740 Conditions to be met where policies are linked
  • Section 741 Aggregation of policies where employment ends for health reasons
  • Section 742 Meaning of “the insured”
  • Section 743 Policies for the benefit of others who contribute to premiums
  1. Health and employment insurance payments
  2. Conditions to be met where policies are linked

Section 740 | Conditions to be met where policies are linked

From legislation.gov.uk

(1)The conditions in this section only apply if—

(a)the insured is or has been the insured under one or more other policies (“connected policies”), and

(b)each of the connected policies has been in force either—

(i)at a time when the policy in question was in force, or

(ii)at the time immediately before it was entered into.

(2)The conditions are that so far as the terms of the policy relate to the health or employment risk—

(a)they do not differ significantly from what they would have been if no connected policies had been entered into, and

(b)the way in which they are given effect does not differ significantly from the way in which they would have been given effect in that case.

(3)A difference relating only to the reduction of benefits payable to or in respect of a person under the policy because of benefits being payable to or in respect of the person under any of the connected policies is to be ignored.

(4)For the purposes of this section, all the persons for whose benefit the policy provides insurance against the health or employment risk are to be considered.

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