Insurance Act, 1989

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Application of exemptions in the 1976 and 1984 Regulations on life and non-life insurance.

29.—It is hereby declared for the avoidance of doubt that—

(a) the provisions of Regulation 3 (2) (b) of the Regulations of 1976 and Regulation 3 (2) (b) of the Regulations of 1984 apply only in relation to the operations mentioned in the said subparagraphs where such operations are carried out by a body registered under the Acts relating to friendly societies or trade unions, and

(b) the reference in Regulation 3 (2) (c) of the Regulations of 1976 to mutual associations and the reference in Regulation 3 (2) (c) of the Regulations of 1984 to organisations and mutual associations are references to mutual associations and organisations registered under the Acts relating to friendly societies or trade unions.