Industrial Assurance Act 1923

1. Introductory Text

2. Industrial Assurance Business

   1. 1. Industrial assurance business

   2. 2. Industrial Assurance Commissioner

   3. 3. Purposes for which policies may be issued

   4. 4. Assurances on children's lives

   5. 5. Prohibition on issue of illegal policies

3. Special Provisions as to Collecting Societies

   1. 6. Name of collecting societies

   2. 7. Deposits by collecting societies

   3. 8. Provisions to be contained in rules

   4. 9. Obligation to deliver policies and copies of rules

   5. 10. Exemptions, total and partial

   6. 11. Special provision as to juvenile societies

4. Special Provisions as to Industrial Assurance Companies

   1. 12. Application of Act of 1909 to industrial assurance companies

   2. 13. Prohibition of charges on industrial assurance fund

   3. 14. Act to have effect notwithstanding memorandum articles or special Act

5. Accounts, Returns, Inspection, Valuations, Meetings

   1. 15. Balance sheets and audit

   2. 16. Annual accounts and returns

   3. 17. Inspection

   4. 18. Provisions as to valuations

   5. 19. General meetings

6. Rights of Owners of Policies

   1. 20. Provisions as to proposals for policies

   2. 21. Forms of policies

   3. 22. Return of policies and premium receipt books after inspection

   4. 23. Notice before forfeiture

   5. 24. Provisions as to forfeited policies

   6. 25. Substitution of policies

   7. 26. Transfers from one society or company to another

   8. 27. Payment of claims

   9. 28. Policies to which 4 & 5 Geo.5 c.78 applies

   10. 29. Value of policies

   11. 30. War bond policies

   12. 31. Saving for certain policies issued before 3rd December 1909

7. Disputes

   1. 32. Disputes

8. Provisions as to Collectors, &c

   1. 33. Disabilities of collectors, & c

   2. 34. Restriction on employment of persons to procure new business

   3. 35. Notification of appointments of secretary and members of committee of management

9. Amalgamations, Transfers and Conversions

   1. 36. Transfer of engagements of collecting societies

   2. 37. Transfer of business from company to society

   3. 38. Conversion of collecting society into company

10. Offences, Notices, &c

    1. 39. Offences

    2. 40. Penalties for falsification

    3. 41. Notices

11. Bond Investment Business

    1. 42. Amendment of law relating to bond investment business

12. General

    1. 43. Regulations

    2. 44. Reports of Commissioner

    3. 45. Interpretation

    4. 46. Short title, extent, commencement, and repeal

13. SCHEDULES.

    1. FIRST SCHEDULE

       Sections of Act to be contained in the Exiles of Collecting Societies

    2. SECOND SCHEDULE

       Additional particulars as to Valuations

       1. 1. An analysis as near as may be of the premium...

       2. 2. The amount, if any, by which the value of the...

       3. 3. If the proportion of the annual premium income reserved as...

       4. 4. Specimen values of the net liabilities under policies (exclusive of...

       5. 5. A statement of the actual number of deaths at ages...

    3. THIRD SCHEDULE

       Provisions of Act to be set out in Policies

       1. PART I

       2. PART II

    4. FOURTH SCHEDULE

       1. RULES FOR VALUING POLICIES.

          1. 1. The value of the policy is to be the difference...

          2. 2. The net premium is to be such premium as according...

       2. RULE FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY.

       3. GENERAL RULES APPLICABLE BOTH FOR VALUING POLICIES AND FOR ASCERTAINING THE AMOUNT OF A FREE PAID-UP POLICY.

          1. 1. Interest is to be assumed at the rate of four...

          2. 2. The rate of mortality is to be assumed according to...

          3. 3. The age of the person whose life is assured shall...

          4. 4. In the case of a policy issued for a term...

    5. FIFTH SCHEDULE

       Enactments Repealed