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8.—(1) A company or society shall not forfeit a policy in respect of the non-payment of premiums at a time when in relation to that policy—
(a)a right to make an application under sub-section (4) or (7) of section 54 of the Act or a right to appeal to the Commissioner under sub-section (9) thereof is subsisting; or
(b)such application or appeal is pending.
(2) For the purpose of the preceding paragraph an application or appeal shall be deemed to be pending where the application or appeal has been duly made and the applicant or appellant has not been notified in the form provided for by the Regulations or by any order made by the Commissioner under the Regulations of the decision of the company or society or the Commissioner.
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