Assurance Companies. [Ch. 31. No. 19.

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29. Any notice which is by this Ordinance required to Service of

be sent to any policy holder may be addressed and sent to ”
the person to whom notices respecting such policy are
usually sent, and any notice so addressed and sent shall
be deemed and taken to be notice to the holder of such
policy: Provided that where any person claiming to be
interested in a policy has given to the company notice in
writing of his interest, any notice which is by this Ordinance
required to be sent to policy holders shall also be sent to
such person at the address specified by him in his notice.

Application to special classes of business.

30. Where a company carries on life assurance business,
this Ordinance shall apply with respect to that business,
subject to the following modifications—

(a) ‘‘ policy on human life — shall mean any instru-
ment by which the payment of money is assured
on death (except death by accident only) or the
happening of any contingency dependent on human
life, or any instrument evidencing a contract which is
subject to payment of premiums for a term dependent
on human life;

(b) where the company grants annuities upon human
life, “‘ policy ’’ shall include the instrument evidencing
the contract to pay such an annuity, and “ policy
holder ’’ includes annuitant ;

(c) where the company intends to amalgamate with
or to transfer its life assurance business to another
assurance company, the Court shall not sanction the
amalgamation or transfer in any case in which it appears
to the Court that the life policy holders representing
one-tenth or more of the total amount assured in the
company dissent from the amalgamation or transfer;

(d) nothing in this Ordinance providing that the life
assurance fund shall not be liable for any contracts
for which it would not have been liable had the business
of the company been only that of life assurance shall
affect the liability of that fund, in the case of a company
established before the commencement of this Ordinance,
for contracts entered into by the company before
that commencement ;

ces.

Appiication
to life
assurance
companies.