Related Commentary  

36(1)  This paragraph applies to a case where–

(a)an event specified in regulation 9(8) has occurred in relation to a policy of life insurance, and

(b)a termination event within the meaning given by regulation 9(7) occurs in relation to that policy.

36(2)  Where–

(a)there is a case to which paragraph (1) applies, and

(b)a chargeable event in relation to the policy, falling within section 484(1) of ITTOIA 2005, has occurred prior to the time at which the termination event mentioned in paragraph (1)(b) occurs,

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