Industrial Life Insurance Regulations




FEB. 17.]

THE NEW ZEALAND GAZETTE.

291

On the death of the Insured, notice in writing of such
death shall immediately be given to the Manager, and the sum
assured shall not be payable until proofs of identity and death
of the Insured shall have been supplied to the satisfaction of
the Manager, and until the policy, together with the Receipt
Book, containing the receipt for the last premium paid, shall
have been delivered to the Manager or other officer duly ap-
pointed to receive the same.

If the sum assured shall amount to or exceed one hundred
pounds the claim will not be due until one calendar month
after the proofs mentioned in the last preceeding clause shall
have been given to the satisfaction of the Manager.

No payments of Premium will be recognized by the Com-
missioner as valid or binding, unless made to a duly authorized
Agent, and entered by such Agent in the Premium Receipt
Book.

The Receipt Books in which are entered the periodical pay-
ments made in respect of the Premiums upon any Policy,
shall at all times, upon the application of the Agent or
other authorized officer, be produced and exhibited to him.

Agents are not authorized to enter into, alter, or discharge
contracts, or waive forfeitures.

Agents are not authorized to receive Premiums, beyond the
time allowed by the Regulations.

A policy amounting to or exceeding twenty pounds, which
has existed for three years, may be surrendered, and on appli-
cation, the Manager shall pay the Assured the then surrender
value as determined by the Manager.

Within three months after any life insurance policy,
amounting to or exceeding twenty pounds, which has existed
for three years, shall have lapsed by non-payment of pre-
miums, the Commissioner shall, upon application, issue a
paid-up policy (that is a policy exempted from any future
payment of premium) for an amount equivalent to the
surrender value of the original policy at the date of its lapse:
Provided that no paid-up policy shall be issued for a less sum
than two pounds.

Special Conditions affecting Life Insurance Policies on the
lives of Children under twelve.

A Life Insurance Policy shall become void if the life of the
child insured under such Policy shall be insured for any other
sum payable at death by the Commissioner, or by any Company
or Society, before the said child has attained the age of twelve
years.

Commissioner may insert other Conditions in Policies.

In addition to the terms and conditions upon the perform-
ance or happening of which policies issued under the said Act
are under these Regulations to become void or to be subject
to, the Commissioner may at the time of issuing any policy
hereafter granted under the said Act, cause to be inserted in
or indorsed thercon any other terms and condition or condi-
tions he may think fit, upon the happening or performing of
which the said policy is to become void or is to be subject to,
and any such policy shall be deemed subject to such terms and
conditions so inserted or indorsed.

Proof of Death.

Death may be proved by production of the following
evidence :—
(a.) A certificate under the hand of the medical attendant
(if any) of the deceased during his or her last illness,
stating the date, and place, and cause of death; and
(b.) An examined official or certified copy or extract from
the register or other official record of the death or burial;
or
(c.) A declaration, affirmation, or affidavit stating the time,
place, and circumstances of the death, and that no official
record of the death or burial is to be found; such declara-
tion, affirmation, or affidavit to be made in such form and
manner that the person making it would, under the law
of the place where it is made (if there be any such law) be
criminally responsible if any statement therein be false
to his knowledge.

Proof of Identity.

The identity of the deceased with the Insured shall be
proved by declaration, affirmation, or affidavit made in the
manner herein prescribed with regard to declarations as to
proof of death, and stating the knowledge or belief of the per-
son making the same as to the identity of the deceased, and
giving with particularity the grounds of such knowledge or
belief.

Other Proofs may be received.

The Manager may accept, and shall be entitled to demand,
proofs of identity or death other than as aforesaid, which shall
to him appear substantially sufficient for any of the said
purposes.

Form of Nomination of Person to receive the Sum assured.

Every nomination under the 25th Section of the said Act
to be valid and effective, shall be signed by the Assured
making it; and his signature shall be attested by at least one
witness, whose residence and calling shall be fully described.

Any such nomination as above may be at any time revoked;
and upon every occasion of a nomination being revoked, the
revocation shall be in writing, and signed and witnessed as
in the case of a nomination being made, and shall be deposited
with the Commissioner, and each nomination and revocation
shall be registered in a Book to be provided for that purpose
by the Manager.

Proof of Claim to be produced.

All proofs evidencing the right of any person to receive any
money under any policy, shall be produced to the Manager
without unnecessary delay, or to such person as he shall in
each case appoint, and shall be made at the expense of the
person tendering the same.

Regulations to apply to Industrial Policies only.

None of the Regulations heretofore made by the Governor
in Council under the said Act, and now in force, shall apply to
Industrial Policies; that is to say, to policies expressly issued
subject to these regulation; and these regulations shall apply
only to Industrial Policies.

SECOND SCHEDULE.

INDUSTRIAL TABLE A (INFANTILE).

TABLE OF SUMS PAYABLE FOR TWO PENCE A WEEK.

AGE NEAREST BIRTHDAY WHEN POLICY IS ISSUED 1 and under. 2 3 4 5 6 7 8 9 10 11 12
Amount Payable if child dies after Policy has been issued. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
For 3 months 3 0 4 0 5 0 6 0 7 0 8 0 9 0 10 0 10 0 12 0 16 0 20 0
1 year 4 0 5 0 6 0 7 0 8 0 9 0 10 0 10 0 12 0 16 0 20 0
2 years 5 0 6 0 7 0 8 0 9 0 10 0 10 0 12 0 16 0 20 0
" 3 6 0 7 0 8 0 9 0 10 0 10 0 12 0 16 0 20 0
" 4 7 0 8 0 9 0 10 0 10 0 12 0 16 0 20 0
" 5 8 0 9 0 10 0 10 0 12 0 16 0 20 0
" 6 9 0 10 0 10 0 12 0 16 0 20 0
" 7 10 0 10 0 12 0 16 0 20 0
" 8 10 0 12 0 16 0 20 0
" 9 12 0 16 0 20 0
" 10 16 0 20 0
" 11 20 0
" 12

NOTE.—No sum shall be payable if the child dies within three calendar months from date of the policy.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1882, No 18





✨ LLM interpretation of page content

🏢 Continuation of Industrial Life Insurance Policy Regulations and Schedule A (continued from previous page)

🏢 State Enterprises & Insurance
16 February 1882
Industrial Policies, Life Insurance, Premiums, Claims, Surrender Value, Children's Insurance, Proof of Death, Schedule A