THE NEW ZEALAND GAZETTE.
753

2. No Industrial Policy shall be granted for a sum
   exceeding two hundred pounds, and only on the life of
   a member of a Society registered under "The Friendly
   Societies Act, 1867," or of the wife of such member.

Interpretation.
3. 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 said Act," means "The Govern-
ment Insurance and Annuities Act, 1874."
The expression "the Commissioner," shall mean the
Government Insurance Commissioner appointed
and acting under the said Act.
The expression "industrial," when applied to a policy
shall mean that such policy is one of a class the
premiums on which are payable weekly.
The term "policy," shall mean the written instru-
ment 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 cer-
tain age, as the case may be.
The expression "the Insured," shall mean the person
upon the contingency of whose life the policy is
dependent, and for whose benefit the insurance is
effected.
The term "premium," shall mean the periodical or
other payment for any policy, or the purchase
money for such policy.

Governor may appoint Agents.
4. The Governor may from time to time appoint
persons to receive moneys, also to receive proposals for
insurance of lives or the grant of endowments or
annuities, or for any other policies authorized by the
said Act, and such appointments may from time to
time revoke or alter.

Agent.
5. Every person who may be so appointed is, through-
out these Regulations, termed "the Agent," and his
place of business " an agency."

Postmasters to supervise Agents.
6. The Postmaster at any Post Office may be ap-
pointed by the Postmaster-General to supervise the
work of any such Agent.

Duties of Agents.
7. The Agent appointed in any place as aforesaid
shall in respect thereof strictly conform to these Re-
gulations, and shall have no authority to alter or
discharge contracts made under the said Act or these
Regulations, or in any way bind the Commissioner,
except as herein provided.

Form of proposal.
8. Any person desiring to effect any transaction
under the said Act, shall make his proposal for the
same in the form applicable thereto.

Forms supplied free.
9. Forms of proposals shall, on application to the
Agent acting in any place, be supplied to the applicant
free of all charge.

Proposer to sign declaration.
10. The person making any proposal (hereinafter
called the Proposer) shall, at the time of delivering the
same to the Agent, sign and make the declaration at
the head thereof in the presence of the Agent.

Agent to refer Proposer to Medical Officer at his discretion.
11. The Agent to whom any proposal has been
delivered may either forthwith direct that the person
whose life is proposed for insurance shall present him-
self for medical examination by a legally-qualified
medical practitioner approved of by the Governor for.
the purpose of such examinations (hereinafter referred
to as the Medical Officer), or, if such agent be not
satisfied as to the eligibility of the life, he shall in the
first instance refer such proposal to the Commissioner.

Medical examination.
12. The Commissioner may in any case direct such
medical examination to be made.

Form of medical examination.
13. The medical examination shall be conducted
according to a form applicable to the special trans-
action.

Report of Medical Officer.
14. The Medical Officer may put to the person
examined any questions which he may think necessary,
and may report specially to the Commissioner in refer-
ence thereto.

Papers to be sent direct to Commissioner for his consideration.
15. The proposal and medical report, and all other
papers connected therewith, shall, so soon as the same
have been duly completed, be transmitted to the Com-
missioner for consideration.

Tables apply to first-class lives only.
16. All tables of premiums for sums to be secured at
death or otherwise, shall specify the rate of premium for
first-class lives only.

Commissioner to fix extra rate.
17. If the Commissioner shall, after consideration of
the proposal and papers connected therewith, elect to
accept the proposal, but be of opinion that there are
circumstances connected with the proposal which
increase the risk beyond that provided for in the
Tables, he shall either increase the premium or reduce
the sum to be assured, according to the nature of the
Table, in such proportion as shall appear to him to be
sufficient to cover the additional risk.

Notice of acceptance to be given.
18. The Commissioner shall, as soon as he shall have
determined the premium payable or the sum to be
assured in respect of the proposal, cause a Policy to
be prepared in pursuance thereof, and notice of accept-
ance to be given to the Proposer.

Five days allowed for completion of proposal.
19. The Proposer must, within five days after the
date of the Policy, pay or cause to be paid the premium
payable in respect of the proposed transaction.

Execution and delivery of policy.
20. The Policy shall be executed by the Commis-
sioner, and shall be delivered to the Insured on pay-
ment by him of the first premium due under the policy,
at such one of the Agencies appointed for the purpose,
as the Insured shall select. No policy shall be in
force as against the Commissioner until the first
premium payable thereunder by or on behalf of the
Insured, shall have been actually paid.

Receipts for premiums.
21. A Premium Receipt Book shall be delivered to
the Insured, together with the policy, in which book