β¨ Insurance Regulations Order
Numb. 37.
365
THE
NEW ZEALAND GAZETTE
EXTRAORDINARY.
Published by Authority.
WELLINGTON, FRIDAY, JUNE 6, 1873.
G. A. ARNEY,
Officer Administering the Government.
ORDER IN COUNCIL.
At the Government House, at Wellington, this
fourth day of June, 1873.
Present:
HIS EXCELLENCY THE OFFICER ADMINISTERING THE
GOVERNMENT IN COUNCIL.
WHEREAS by the New Zealand Government
Insurance and Annuities Acts 1869 and 1870,
the Governor in Council is empowered from time to
time to make any Regulations for any purpose for
which it may be necessary or expedient to make any
Rules or Regulations for carrying the said Acts into
effect, and any such Regulations from time to time
to alter, amend, and revoke:
And whereas by certain Orders in Council under
the provisions of the said Acts or one of them, certain
Regulations have been made and ordained:
And whereas it is expedient to revoke all Regula-
tions heretofore made for the purposes aforesaid, as
and in manner hereinafter set forth, and to make
fresh Regulations in lieu thereof:
Now therefore, I, Sir George Alfred Arney, Knight,
the Officer Administering the Government of the
Colony of New Zealand, in exercise and pursuance of
the power and authority vested in me by the said Acts,
and by and with the advice and consent of the Execu-
tive Council of the said Colony, do hereby revoke all
existing Regulations made under the said Acts, or
either of them, except the Regulations made and
issued by Order in Council of the twelfth day of
February, one thousand eight hundred and seventy-
three, and published in the New Zealand Gazette,
No. 9, but this revocation shall not be deemed
to alter or affect any contract which shall be or shall
have been duly made in accordance with and subject
to such revoked Regulations.
And in further exercise of the power and authority
vested in me as aforesaid, and in pursuance thereof,
I do, with such advice and consent as aforesaid, make
and ordain the following Regulations in lieu of the
said Regulations so revoked as aforesaid, that is to
say:--
Interpretation.
- In the construction and for the purposes of these
Regulations, and in all policies or instruments pur-
porting to be made or executed thereunder (if not
inconsistent with the context and subject matter),
the following terms and expressions shall have the
meanings hereinafter assigned to them, that is to
say:--
The expression "the Commissioner," shall mean
the Government Annuities Commissioner ap-
pointed and acting under the said Acts.
The term "policy," shall mean the written in-
strument containing any contract whatever
dependent upon the contingencies of human
life.
The expression "life insurance," when applied
to a policy, shall mean that such policy is
payable either upon the death of the insured,
whenever that event may occur, or on his
death if it happen within a specified term, or
before attaining a certain age, as the case
may be.
The expression "the Insured," shall mean the
person upon the contingency of whose life the
policy is dependent.
The expression "the Assured," shall mean the
person for whose benefit the insurance is
effected.
The term "premium," shall mean the periodical
or other payment for any policy, or the pur-
chase money for such policy.
Place of business. Commissioner may appoint Agents.
- The Commissioner shall have an office in the
public buildings situated on Thorndon Quay, in the
City of Wellington, or at such other place as the
Governor in Council shall from time to time appoint,
and may from time to time appoint, subject to the
approval of the Governor, persons to receive pro-
posals for Insurance of Lives or the grant of
Endowments or Annuities, or for any other policies
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π° Order in Council revoking and making new Regulations under Government Insurance and Annuities Acts
π° Finance & Revenue4 June 1873
Order in Council, Government Insurance, Annuities, Regulations, Interpretation, Commissioner, Policy, Wellington
- G. A. Arney, Officer Administering the Government
- Executive Council
NZ Gazette 1873, No 37