290
THE NEW ZEALAND GAZETTE.

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 im-
pose penalties not exceeding twenty pounds
for breach of such rules:

Now, therefore, His Excellency the Governor of
the Colony of New Zealand, in exercise and pursu-
ance of the powers and authorities vested in him by
the said fifth section of the said Act and all other
powers and authorities in this behalf vested in him,
and by and with the advice and consent of the Execu-
tive Council of the said colony, doth hereby repeal
the regulations contained in the Second Schedule to
an Order in Council dated the eleventh day of
November, one thousand eight hundred and seventy-
four, and published in the New Zealand Gazette of
the twelfth day of November, one thousand eight
hundred and seventy-four, and doth make and pre-
scribe the rules and regulations set forth in the First
Schedule hereto.

And in further exercise and pursuance of the said
powers and authorities as aforesaid, and with such
advice and consent as aforesaid, His Excellency the
Governor as aforesaid doth, for the purposes of the
said Act and the said regulations, approve of the
tables set forth in the Second Schedule hereto, to be
called the "Industrial Branch Tables," and doth
direct the use of such tables as aforesaid, under and
for the purposes of the said Act and regulations.

SCHEDULES.
FIRST SCHEDULE.
Interpretation.
In these Regulations, and in all policies or instruments
purporting to be made or executed thereunder if not incon-
sistent with the context.
"The said Act," means "The Government Insurance and
Annuities Act, 1874."
"Industrial Branch" means that division of the business
of the Government Insurance Department having refer-
ence to policies issued under these Regulations.
"The Commissioner," means the Government Insurance
Commissioner appointed and acting under the said Act.
"The Manager," means the Manager of the Industrial
Branch."
"Agents" means agents appointed or employed for the
purposes of the Industrial Branch.
"Medical Examiner" means a legally qualified Medical
Practitioner appointed for the purposes of the Industrial
Branch.
"Policy," means a written instrument containing any con-
tract whatever made under these regulations dependent
upon the contingencies of human life.
"Life Insurance Policy" means a policy, the sum assured
by which is payable upon the death of the Insured.

[No. 18

"The Assured" means the person in whom the policy is for
the time being vested.
"The Insured," means the person upon the contingency of
whose life the policy is dependent.
"Premium," means the periodical or other payment for
any policy, or the purchase money for such policy.

Duties of Manager.
The Manager shall have under the Commissioner the
general control of the business of the Industrial Branch.

Duties of Industrial Agents.
Agents may be employed by the Commissioner 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 these Regulations, to receive premiums payable on
such policies, and to give valid and sufficient receipts for the
same; but such Agents shall have no authority to enter into,
alter or discharge contracts made under the said Act and
these Regulations, or in any way bind the Commissioner or
the Manager, other than as such Agents may be specially em-
powered so to do by their appointments or by these Regulations.

When Medical Examination necessary.
When the sum proposed for insurance amounts to or exceeds
twenty pounds, then the person whose life is proposed for
insurance shall be examined by a Medical Examiner.

Separate Accounts to be kept.
Books of accounts of the transactions of the Industrial
Branch shall be kept separate from those of the ordinary
Branch of the Government Insurance Department.

Infantile Policies Limited.
No life insurance policy shall be granted on the life of an
infant except such as would be valid by virtue of the provisions
of "The Friendly Societies' Act, 1877," and if the infant is
under the age of twelve years the weekly premium shall not
exceed twopence.

Delivery of Policy.
The Policy shall be delivered to the Assured on payment by
him of the first premium due under the policy. No policy
shall be in force as against the Commissioner until the first
premium payable thereunder by or on behalf of the Assured,
shall have been actually paid.

Conditions of Industrial Life Insurance Policies.
Life Insurance Policies shall become void—
If the statements of the Proposer, as set forth in the pro-
posal, or in the declaration attached thereto, be wilfully
untrue; or if any other paper or statement furnished by
the Proposer, or at his instance, on the faith of which the
policy may have been issued, shall at any time be found
to contain any wilfully untrue statement; or if there
shall at any time be or have been any fraudulent conceal-
ment from the Commissioner of any important par-
ticular;
If payment of the weekly or other premium be not made
within twenty-eight days from the date stipulated in the
policy; but such policies may be revived at any period not
exceeding twelve calendar months after their expiration,
on satisfactory proof being given, if required by the Mana-
ger, of the unimpaired health of the Insured, and on
payment of the premiums then in arrear, together with a
fine not exceeding one pound for every hundred pounds
of the sum assured, and so in proportion for every sum
less or greater than one hundred pounds:
If the Insured shall reside in any part of the globe within
the twenty-fifth parallels of North and South latitude,
except in passing or repassing through the same by sea,
without having obtained the written consent of the
Manager to visit or reside within the said parallels of
latitude:
If the Assured shall effect a policy on the life of the
Insured with the Commissioner at any time while another
policy on the life of the Insured is in force, unless special
permission be indorsed on the policy first effected for two
or more policies to be in force at the same time:
If any erasure be made in a policy, or any alteration effected,
except by indorsement made and signed at the head
office:
If the Insured shall die by suicide, whether sane or insane,
within twelve months from the date of the policy.
If the Insured shall die within six calendar months from
the date thereof, then one-fourth only of the sum assured
shall be payable; if the Insured shall die after six calendar
months, and within a period of twelve calendar months from
the date thereof, one-half only of the sum assured shall be
payable; and if the Insured shall die after twelve calendar
months from the date hereof, the full sum assured shall be
payable, provided that such payment shall only be made if the
policy has not become void.