Insurance (Amendment) Act, 1938

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Number 31 of 1938.

INSURANCE (AMENDMENT) ACT, 1938.

ARRANGEMENT OF SECTIONS

Section
1.	Definitions.
2.	The transfer date.
3.	Confirmation of the Scheduled Agreement.
4.	Memorandum and Articles of Association of the Terminating Company.
5.	Payment by the Minister for Finance of deficiencies of Participating Companies.
6.	Shares of the Terminating Company held by the Minister for Finance or his nominees.
7.	Transfer of life and industrial assurance businesses of Participating Companies to the Terminating Company.
8.	Transfer of assets of Participating Companies to the Terminating Company.
9.	Provisions in relation to persons employed by Participating Companies.
10.	Provisions in aid of ascertainment of indebtedness of Participating Companies.
11.	Protection of directors of the Terminating Company and the Permanent Company.
12.	Provisions in relation to the first balance sheet and accounts of the Terminating Company.
13.	Appointment of auditors by the Terminating Company.
14.	The Permanent Company.
15.	Shares of the Permanent Company held by the Minister for Finance or his nominees.
16.	Appointment of auditors by the Permanent Company.
17.	Grant of assurance licences to the Terminating Company and the Permanent Company.
18.	Partial relief from certain provisions of the Act of 1936.
19.	Adoption of Scheduled Agreement by other assurance companies.
20.	Partial repeal of the Act of 1936.
21.	Commencement and retrospective operation.
22.	Short title and citation.

SCHEDULE.

Act Referred to
Insurance Act, 1936	No. 45 of 1936

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Number 31 of 1938.

INSURANCE (AMENDMENT) ACT, 1938.

AN ACT TO CONFIRM AND GIVE STATUTORY EFFECT TO AN AGREEMENT MADE BETWEEN CERTAIN ASSURANCE COMPANIES FOR THE TRANSFER OF THEIR LIFE ASSURANCE BUSINESS AND THEIR INDUSTRIAL ASSURANCE BUSINESS TO A SINGLE COMPANY, TO MAKE PROVISION FOR DIVERS MATTERS ARISING OUT OF OR CONSEQUENTIAL ON THE SAID AGREEMENT, INCLUDING THE MAKING OF SIMILAR AGREEMENTS BY OTHER ASSURANCE COMPANIES, AND TO AMEND THE LAW RELATING TO ASSURANCE BUSINESS. [14th December, 1938.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Insurance (Amendment) Act, 1938 Permanent Page URL

Insurance (Amendment) Act, 1938

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