Standard Life Assurance Company Act 1991 (c. 3) xmlns:atom="http://www.w3.org/2005/Atom"
Introductory Text
1.Short title
2.Interpretation
3.Appointed day
4.Repeals
5.Savings for incorporation of Company, existing policies, actions, etc
6.Existing directors, officers, etc., to continue in office
7.Name of Company
8.Head office, etc
9.No policy deemed to be effected until payment of premium
10.Policies to be liable for claims of Company against members
11.Execution of assignations, etc., of policies
12.Effect of assignation to Company of its own policies
13.Liability of members
14.Regulations of Company
15.Special resolution
16.Redemption of stock
17.Ranking of claims under policies in winding up
18.Surplus assets on winding up
19.Service of writs and notices on Company
20.Companies Clauses Acts not to apply
21.General Acts to apply
SCHEDULE
Regulations of The Standard Life Assurance Company
Interpretation
1.Definitions
Objects
2.Objects of Company
Powers
3.Powers of Company
Trusts
4.Company not to regard trusts
Members
5.Members
6.Admission of members
7.Cessation of membership
8.Duration of membership
9.Assignees, etc
Notice to owner of policy
10.Owners of policies bound by notice to previous owners
Meetings of members
11.Annual general meeting
12.Special general meeting
13.Special resolutions
14.Business at annual general meeting
15.Quorum
16.Absence of quorum
17.Chairman of general meetings
18.Adjournment of meeting
19.Voting
20.Taking of poll
21.Chairman’s casting vote
Voting of members
22.Qualification of member to vote
23.Representatives of corporations
24.Votes of incompetents
25.Proxies
26.Form of proxies
27.Deposit of proxies and authorities to vote
28.Authority conferred by proxies
29.Validity of proxies
30.Objections to voting
31.Number of votes
Directors
32.Management of Company vested in directors
33.Number of directors
34.Directors may act notwithstanding vacancy
35.Qualification of directors
36.Continuance in office of present directors
37.Vacation of office of director
38.Directors may contract with Company
39.General notice as to director’s interests
40.Disclosure of interest to officer of Company
41.Directors may hold other office except auditor
42.Directors may become members or directors of any company promoted, etc., by Company
43.Remuneration of directors
44.Additional remuneration and expenses
Retirement and election of directors
45.Retirement and election of directors
46.Election of directors
47.Eligibility for election
48.Co-option of directors
Committees of directors
49.Committees
50.Chairman of committees
51.Proceedings of committees
Meetings of directors
52.Meetings of directors
53.Notice of meetings
54.Chairman and deputy chairman
55.Quorum
56.Voting
57.Resolution in writing
58.Validity of acts and proceedings
Local directors
59.Local directors
60.Remuneration of local directors
61.Qualification of local directors
62.Meetings of local directors
Minutes
63.Minutes
Officers, employees, etc.
64.Chief executive, actuary and secretary
65.Professional advisers, employees, officers, agents, etc
66.Power of directors to delegate
Attorneys
67.Attorneys may be appointed by directors
Trustees or nominees
68.Appointment of trustees or nominees
Borrowing powers
69.Power to borrow and give security
Seal
70.Common seal
71.Seal for use abroad
72.Canadian seal
73.Authentication of documents
Execution of deeds, etc.
74.Execution of deeds, etc
Separation of funds
75.Formation and application of separate funds
76.Prospectuses for separate funds
Reserve funds
77.Reserve funds
Actuarial report
78.Actuarial valuation and report
Distribution of profits
79.Appropriation of surplus
80.Bonus distribution
81.Encashment of bonus
82.Bonus on claims between distributions
83.Directors may by arrangement limit, postpone, restrict or commute right of participation
84.Power to declare distributable surplus not to be delegated
Accounts
85.Accounts to be kept
86.Books to be kept at head office or elsewhere
87.Members' right to inspect books
88.Annual accounts and balance sheet
89.Annual report of directors
90.Copies to be sent to members, etc
Auditors
91.Qualification and duties of auditor
92.Audit of separate funds
Indemnity, etc.
93.Indemnity of officers, etc., of Company
94.Individual responsibility
Claims in bankruptcy, etc.
95.Representative in bankruptcy, etc
Surrender of assurances
96.Surrender, alteration, etc., of assurances
Notices
97.Service of notices by Company
98.Service of notices upon Company