990

“es.

Provisions
as ta
applications
under see-
tions 37 or
3s.

Ord. 10.
144, 4.

Applic

of this
Ordinance
to assurance
companies
referred to in
ss. 37 or 38.

Ch. 31. No. 19.] Assurance Companies.

of this section shall be deemed to have ceased to apply to
the company

38. (1) Where an assurance company is carrying on
any class or classes of assurance business in the Colony at
the commencement of this Ordinance, or thereafter secks
to carry on any class or classes of assurance business in the
Colony, and the Governor in Council is satisfied as regards
that company—

(a) that the company does not carry on assurance
business of that class or classes in the United Kingdom
but carries on assurance business 1n a Commonwealth
country outside the United Kingdom = and_ the
Colony, and

(0) that law of the territory in which the company
‘“UITies On assurance business controls such business,

the Governor in Council may, by order published in the
Royal Gazette, declare that the provisions of this Ordinance
shall apply to that company with such modifications, and
subject to such oxemptions, as may be specified in the
order

(2) An order under this section may be cancelled or
varied by a subsequent order, which shall be published in the
Roval Gazette.

39. A company applying for an order under sections 37
or 38 shall furnish at the time of its application, or within
such further period as the Governor in Council may
prescribe or as may be allowed by the Governor in Council
In any special such evidence as the Governor in
Council may require of the facts alleged in the application
or of any other facts which the Governor in Council may
consider to be relevant to the application.

40. This Ordinance shall not apply to any assurance
company to which sections 37 or 38 refer until the expiration
of one month from the commencement of this Ordinance, or,
if application has meanwhile been made under sections 37
or 328, until the determination of such application.