Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 4   Amendment of the Life Insurance Act 1995

19   Paragraphs 46(a) and (b)

Repeal the paragraphs, substitute:

(a) change the statutory fund or funds to which a policy is referable; or

(b) terminate a statutory fund;

Note: The heading to section 46 is replaced by the heading " Restriction on restructure or termination of statutory funds ".