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THE NEW ZEALAND GAZETTE.
[No. 17
as the Governor in Council shall from time to time
appoint.

Commissioner may appoint agents.
3. The Commissioner may from time to time appoint
agents to receive proposals for insurance of lives or the
grant of endowments or annuities, or for any other
policies authorized by the said Act, to receive any
premiums payable upon such policies, and to give
valid and sufficient receipts for the same, and such ap-
pointments may from time to time revoke or alter.

Postmasters may be agents.
4. The Postmaster at any post office may be ap-
pointed by the Commissioner as an agent for all or
any one or more of the purposes mentioned in the
immediately preceding Regulation, and to receive and
pay moneys under the said Act.

Agents' authority limited.
5. Agents shall have no authority to enter into,
alter, or discharge contracts made under the said Act
or under these regulations, or in any way bind the
Commissioner, other than as such agents may be
specially empowered so to do by their appointments
or by these regulations.

Form of making proposals.
6. Any person desiring to enter into any contract
under the said Act (herein referred to as "the pro-
poser") shall make his proposal for the same in a form
applicable thereto, and shall make and sign the declara-
tion or declarations required by the Commissioner.

When medical examination necessary.
7. Every person whose life is proposed for insu-
rance under a life-insurance or endowment-insurance
policy shall, when required by the Commissioner,
present himself for medical examination by a legally
qualified Medical Practitioner duly authorized by the
Commissioner for the purpose of such examination.
Such medical examination shall be conducted accord-
ing to a form supplied by the Commissioner, and
applicable to the special transaction.

Proposer to certify to truth of personal statement.
8. The answers given by the person examined to
the questions set forth in the form above referred to
shall be reduced to writing by the Medical Examiner,
and shall be read over to the person examined, and
signed by him; and he shall at the same time make
and sign a declaration of the truth of his statements
in the presence of the Medical Examiner.

Papers to be sent to the Commissioner.
9. The report of the Medical Examiner, and all
other papers connected therewith, shall, so soon as the
same have been duly completed, be transmitted to
the Commissioner; and such report, together with
the proposal and other papers, shall be reported on by
a Chief Medical Officer or by a Board from time to
time to be appointed by the Governor; and their
reports or recommendations shall be laid before the
Commissioner.

Tables to specify rates applicable to first-class lives only.
10. All tables of premiums for sums to be secured
at death, or for sums payable at a certain date, or at
death if it happen before such date, shall specify the
rate of premium for first-class lives only.

Commissioner to fix extra rate. No life to be charged less
than rate for age fifteen.
11. The rate of extra premium for each proposal, if
any, shall in every case be fixed by the Commissioner,
in proportion to the ineligibility of the life proposed,
after consideration of the proposal and papers con-
nected therewith, and of the opinion of the Chief
Medical Officer or Board: Provided that no life shall
be accepted at a less rate than that fixed for a first-
class life, and that persons under the age of fifteen
years shall be charged at a rate not less than that
fixed for age fifteen.

Thirty days allowed for completion of proposal.
12. If the Commissioner shall elect to accept the
proposal he shall determine the premium payable in
respect of the proposed transaction; and within
thirty days thereafter the proposer shall pay or cause
to be paid the said premium; and if he fail to do so
the proposal shall be deemed to be abandoned, unless
the Commissioner shall otherwise determine.

Policy to be issued.
13. Upon payment of the premium payable in
respect of any accepted proposal, the Commissioner
shall cause to be issued and delivered to the proposer
a policy in the form applicable to the particular con-
tract.

Policy not in force until payment of premium.
14. No policy made under the provisions of the said
Act is to 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 policies to be indorsed.
15. Life-insurance and endowment-insurance
policies shall be subject to the following conditions,
which shall be indorsed on all such policies issued by
the Commissioner:—

CONDITIONS.

(a.) Policies shall become void if the statements of
the proposer, as set forth in the proposal, or of the
person or persons examined by a Medical Examiner, as
set forth in the medical examination, or any of such
statements respectively, be 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 con-
tain 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.

(b.) Policies shall become void if payment of the
annual or other premium be not made within the
days of grace, namely, thirty days from the date
stipulated in the policy; but such policies may be
revived at any period not exceeding twelve calendar
months after the expiry of the said days of grace, on
satisfactory proof being given of the unimpaired
health of the person whose life is insured, and on
payment of the premiums then in arrear, together with
a fine not exceeding one-half per centum on the sum
assured.

(c.) Provided that no policy which shall have ac-
quired a surrender value, and which is unencumbered
by loan, shall be absolutely forfeited by reason of
such non-payment of premium until after the expiry
of a period equal to not less than half the previous
duration of the policy at the date of such non-pay-
ment of premium; and any such policy may also be
revived after the expiry of the period last aforesaid,
on satisfactory proof being given of the unimpaired
health of the person whose life is insured, and on
payment of the premiums in arrear and interest
thereon as at the due date of each premium accu-
mulated at the rate of not less than six pounds per
centum per annum.

(d.) Provided also that no policy which shall have
acquired a surrender value shall be wholly forfeited
by such non-payment of premium, if the person
entitled to the benefit of the policy shall, within three
months after such non payment, make application
for a paid-up policy; and upon such application the
Commissioner shall issue a paid-up policy equivalent
to the surrender value of the original policy at the
date of such non-payment of premium: Provided