✨ Insurance Regulations and Tables
102
THE NEW ZEALAND GAZETTE.
FIRST SCHEDULE.
- No policy shall be granted subject to the Reli-
gious Ministers Pension Table unless the Commis-
sioner is first satisfied that the person whose life is
to be insured is a minister of some religious body,
and that there is established in connection with such
body a fund vested in Trustees for pensioning or en-
dowing the ministers of such body, and their widows,
or widows and children, or children; and in these
rules such fund is referred to as the "Pension Fund." - The names of the Trustees of such fund for the
time being must be registered in the office of the
Commissioner. - Before the payment of each annual premium
after the first, the Commissioner shall satisfy himself
that the policy has been and remains assigned to,
and is vested in, the Trustees of the Pension Fund
of the religious body of which the assured is minister;
and if at the time of such payment being tendered it
shall appear to the Commissioner that such policy
has ceased to be vested in such Trustees, the premium
shall not be accepted, and thereupon the policy shall
be deemed to have lapsed. - Every policy granted subject to the Religious
Ministers Pension Table shall have indorsed thereon
a statement that it is granted subject to these
Regulations. - The ordinary Regulations relating to Policies
under the said Act, and contained in the First
Schedule to the Order in Council dated 11th Novem-
ber, 1874, and published in the New Zealand Gazette,
No. 59, 12th November, 1874, shall, except so far as
inconsistent with these Regulations, apply to appli-
cations for and granting of Policies subject to the
Religious Ministers Pension Table, and to such
Policies when granted.
SECOND SCHEDULE.
TABLE.—Assurances for the Whole Term of Life;
showing the Annual Premiums payable during the
whole of Life, required to assure £100, to be paid
at Death.
| Age next Birthday. | Annual Premiums. | Age next Birthday. | Annual Premiums. |
|---|---|---|---|
| 20 | £ s. d. | 41 | £ s. d. |
| 1 8 7 | 2 13 2 | ||
| 21 | 1 9 4 | 42 | 2 15 1 |
| 22 | 1 10 0 | 43 | 2 17 2 |
| 23 | 1 10 9 | 44 | 2 19 5 |
| 24 | 1 11 6 | 45 | 3 1 10 |
| 25 | 1 12 4 | 46 | 3 4 4 |
| 26 | 1 13 4 | 47 | 3 6 11 |
| 27 | 1 14 3 | 48 | 3 9 8 |
| 28 | 1 15 3 | 49 | 3 12 7 |
| 29 | 1 16 3 | 50 | 3 15 8 |
| 30 | 1 17 4 | 51 | 3 19 0 |
| 31 | 1 18 5 | 52 | 4 2 6 |
| 32 | 1 19 7 | 53 | 4 6 3 |
| 33 | 2 0 10 | 54 | 4 10 3 |
| 34 | 2 2 1 | 55 | 4 14 6 |
| 35 | 2 3 5 | 56 | 4 19 0 |
| 36 | 2 4 11 | 57 | 5 3 10 |
| 37 | 2 6 4 | 58 | 5 8 11 |
| 38 | 2 7 11 | 59 | 5 14 5 |
| 39 | 2 9 7 | 60 | 6 0 3 |
| 40 | 2 11 4 |
EXAMPLE.—Any officiating Minister under "The Marriage
Act, 1854," 25 next Birthday, may secure £100, payable at his
death, by an Annual Payment of £1 12s. 4d.; subject to the
regulations contained in the First Schedule to the above Order
in Council.
Regulation under "The Government Insurance and
Annuities Act, 1874."
NORMANBY, Governor.
ORDER IN COUNCIL.
At the Government House, at Wellington, this
second day of February, 1875.
Present:
HIS EXCELLENCY THE GOVERNOR IN COUNCIL.
WHEREAS by the fifth section of "The Govern-
ment Insurance and Annuities Act, 1874,"
(hereinafter referred to as "the said Act,") it is
enacted that the Governor shall have power, by
Order in Council, from time to time to do (inter
alia) the following things:—
To direct the use of tables approved from time
to time by him for determining the values of
all annuities under the provisions of the said
Act, and of tables so approved for payment
of sums of money at death or otherwise
under the provisions of the said Act; and
such tables respectively shall be valid and
effectual so long as the same shall remain in
force; and to revoke all or any of such tables,
and to direct the use of other tables approved
as aforesaid.
To discontinue, after notice in the New Zealand
Gazette, in such form and manner as to him
shall seem fit, the granting of any annuities,
or of sums of money payable at death or
otherwise, under the provisions of the said
Act, if he shall think it advisable so to do.
To fix the maximum and minimum limits for the
amounts of the several annuities, and pay-
ments on death and other payments, to be
contracted for under the said Act.
To regulate the mode and form of making con-
tracts under the said Act, and the precedent
conditions relating thereto in respect of medi-
cal certificates, and of extra rates of premium
or fines in case of badness of lives or other
contingencies which may be declared by the
regulations to be special risks.
To prescribe the mode of proving the age and
identity and the existence or death of persons,
and the mode of paying sums of money pay-
able under the said Act, and the management
of the accounts required to be kept.
To prescribe beforehand the terms upon which
premiums paid under contracts for payments
to be made at death or otherwise shall be
returned to any person beneficially interested
in the contract, and to determine beforehand
the cases or classes of cases in which no pre-
mium shall be returned.
To make rules generally for the purpose of
carrying the said Act into effect, and to impose
penalties not exceeding twenty pounds for
breach of such rules.
And whereas by an Order in Council duly made
and issued, bearing date the eleventh day of Novem-
ber, one thousand eight hundred and seventy-four,
His Excellency the Right Honorable Sir James Fer-
gusson, Baronet, the then Governor of the Colony of
New Zealand, did, in pursuance of the hereinbefore
recited power and authority, make certain regulations
respecting Government Industrial Insurance, con-
tained in the Second Schedule to such Order in
Council:
And whereas it is expedient that the rule and
regulation hereinafter prescribed should be made for
the purposes therein set forth:
Now therefore, His Excellency George Augustus
Constantine, Marquis of Normanby, the Governor of
the Colony of New Zealand, in exercise and pur-
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💰 Regulations and Premium Tables under Government Insurance and Annuities Act, 1874
💰 Finance & Revenue2 February 1875
Order in Council, Government Insurance, Annuities Act 1874, Pension Fund, Life Assurance, Premiums, Regulations, Schedule
- George Augustus Constantine, Marquis of Normanby, Governor
NZ Gazette 1875, No 7