Assurance Companies. [Ch. 31. No. 19. 985

 

assurance business, or more than one class of assurance
business, to keep separate funds into which all receipts
in respect of the assurance business or of each class of
assurance business are to be paid shall not apply as
respects fire insurance business ;

(ec) the provisions of this Ordinance with respect
to the amalgamation of companies shall not apply
where the only classes of assurance business carried
on by both of the companies are fire insurance business,
or fire insurance business and accident insurance
business, and the provisions of this Ordinance with
respect to the transfer of assurance business from one
company to another shall not apply to fire insurance
business.

32. Where a company carries on accident insurance Application
busine, — this Ordinance shall apply with respect to that to accident
. . . . . insurance
business, subject to the following modifications :— companies.
(a) in leu of the provisions of sections 7 and 8,

the following provisions shall be substituted—

The company shall annually prepare a state-
ment of its accident insurance business in the
form) prescribed for use under section 7 and
applicable to accident insurance business, and the
statement shall be printed or typewritten, signed,
and deposited at the Registrar General’s office in
accordance with section 9.”

(6) it shall not be necessary to make or keep a
deposit in respect of accident insurance business where
the company has made a deposit in respect of any
other class of assurance business, and, where a com-
pany, having made a deposit in respect of accident
insurance business, commences to carry on life assurance
business or employers’ liability insurance business, the
company may transfer the deposit so made to the
account of that other business, and after such transfer
the deposit shall be treated as if it had been made
in respect of such other business;

(c) so much of this Ordinance as requires an assurance
company transacting other business besides assurance
business, or more than one class of assurance business,