Foreign Insurance Companies’ Deposits Amendment Act 1895
Foreign Insurance Companies’ Deposits Amendment Act 1895
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Foreign Insurance Companies’ Deposits Amendment Act 1895
Foreign Insurance Companies’ Deposits Amendment Act 1895
Public Act |
1895 No 37 |
|
Date of assent |
26 October 1895 |
|
Contents
An Act to amend the Law relating to Foreign Insurance Companies.
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—
1 Short Title.
The Short Title of this Act is “The Foreign Insurance Companies’ Deposits Amendment Act, 1895,”
and it shall be read with “The Foreign Insurance Companies’ Deposits Act, 1894”
(hereinafter called “the principal Act”
).
2 Fire and marine insurance companies to obtain certificate from Public Trustee.
(1.)
For the purposes of the certificate referred to in section four of the principal Act, every foreign company therein mentioned shall from time to time furnish to the Public Trustee a statement of its affairs for the period and in the form prescribed, and the public Trustee shall grant such certificate, unless be is of opinion that the company is not financially sound.
(2.)
Section five of the principal Act is hereby repealed.
3 Rate of interest on deposits.
(1.)
All cash deposited with the Public Trustee under the principal Act shall bear interest at such rate as the Governor in Council from time to time determines, and the Public Trustee shall pay the same accordingly.
(2.)
Section twelve of the principal Act is hereby repealed.
4 “The Life Assurance Companies Act, 1873,”
amended.
Such of the provisions of “The Life Assurance Companies Act, 1873,”
as relate to the registration of policies and contracts under that Act are hereby repealed.
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Versions
Foreign Insurance Companies’ Deposits Amendment Act 1895
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