LIFE INSURANCE COMPANIES FORMS

LIFE INSURANCE COMPANIES FORMS

LIFE INSURANCE COMPANIES.

FORMS.

(Cap. 36, sections 10 to 13).
(Ordinance No. II Of 1907).

For forms prescribed by the Life Insurance Companies
Ordinance, see the Schedules to that Ordinance.

INSURANCE DEPOSIT (LIFE) REGULATIONS.

(Cap. 36, section 32).
(Ordinance No. 11 Of 1907).

[19th July, 1940.]

1. The value of any securities deposited with the
Registrar under section 3 of the Ordinance shall be the
market value on the day on which they are so deposited.

2. The company shall prove the market value thereof
to the satisfaction of the Registrar and shall pay to the
Registrar a fee of twenty-five cents for every hundred
dollars of such market value.

3. The company shall before depositing such securities
transfer the legal ownership therein to the Registrar.

4. If at any time the Registrar is of opinion that
any securities have fallen below their value at the date of
deposit he may require the company to rnake up the differ-
ence in value by the deposit of further securities and the
fees payable on such further deposit shall be charged at
the rate set out in regulation 2,

5. If the company is dissatisfied with any such
requirement it may appeal to the Governor in Council who
shall thereupon determine whether any further deposit is
necessary, and if so to what amount.
G.N. 810/40. (Cap. 36).

G.N. 810/40. (Cap. 36).

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