450
THE NEW ZEALAND GAZETTE.
[No. 23

Proposer to certify to Truth of Personal Statement.

7. The answers given by the person examined to the ques-
   tions 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 Board.

8. 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 Board; and such
   report, together with the proposal and other papers, shall be
   reported on by a Chief Medical Officer from time to time to
   be appointed by the Board, and by such officer or officers of
   the Board as the Board may deem necessary; and their
   reports or recommendations shall be laid before the Board.

Tables to specify Rates applicable to First-class Lives only.

9. 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.

Board to fix Extra Rate. No Life to be charged less than Rate for Age Fifteen.

10. The rate of extra premium for each proposal, if any,
    shall in every case be fixed by the Board, in proportion to
    the ineligibility of the life proposed, after consideration of
    the proposal and papers connected therewith, and of the
    opinions of the Chief Medical Officer from time to time
    to be appointed by the Board, and of such officer or
    officers as are referred to in No. 8 of these regulations:
    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: And provided, further, that the
    sum assured on any one life, either by way of ordinary or
    joint-life assurance or endowment insurance, shall not exceed
    the sum of four thousand pounds.

Thirty Days allowed for Completion of Proposal.

11. If the Board shall elect to accept the proposal it 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 Board shall otherwise determine.

Policy to be issued.

12. Upon payment of the premium payable in respect of
    any accepted proposal, the Board shall cause to be issued
    and delivered to the proposer a policy in the form applicable
    to the particular contract.

Policy not in force until Payment of Premium.

13. No policy made under the provisions of the said Act is
    to be in force as against the Board until the first premium
    payable thereunder by or on behalf of the assured shall have
    been actually paid.

Conditions of Policies to be indorsed.

14. Life-insurance and endowment-insurance policies shall
    be subject to the following conditions, which shall be indorsed
    on all such policies issued by the Board:—

Conditions.

(a.) Policies shall become void if the statements of the
proposer as set forth in the proposal or of the person or per-
sons 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
contain any wilfully untrue statement; or if there shall at
any time be or have been any fraudulent concealment from
the Board of any important particular.

(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 acquired a
surrender value, and which is unencumbered by loan ad-
vanced by the Association, 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-payment of
premium; and any such policy may also be revived at any
period not exceeding twelve calendar months 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 seven 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-pay-
ment, make application for a paid-up policy; and upon such
application the Board 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, further, that such
paid-up policy, when due, shall be subject to all the terms,
conditions, and liabilities of the original policy.

(e.) The sum assured under any policy will be paid in case
of the death of the person whose life is insured during the
aforesaid periods of grace, notwithstanding the non-payment
of the premium; but the amount of premium remaining
unpaid, with a fine or interest as aforesaid, shall be deducted
from the sum assured before payment.

(f.) Policies shall become void if the person whose life is
insured shall die by suicide, whether sane or insane, within
twelve months from the date of the policy.

(g.) Policies (provided the age of the person whose life is
insured shall have been admitted by or on behalf of the
Board by any officer duly authorized for the purpose) shall be
exempt from forfeiture in all cases except fraud or fraudu-
lent misrepresentation of facts, and non-payment of premium.

(h.) On claims being made, reasonable proof of the time
of birth shall be required, unless age shall already have been
admitted by or on behalf of the Board as aforesaid.

(i.) On the death of the person whose life is insured, notice
in writing of such death shall be immediately given to the
Board.

(j.) Payment of the sum assured shall not be due until
the expiration of one calendar month after the time when
the proofs of identity and death of the person whose life is
insured shall have been supplied to the satisfaction of the
Board, and until the policy, duly discharged, shall have been
delivered to the Board or to a duly-appointed officer; but it
shall be competent for the Board, if it shall think fit, to pay
the said sum at any time after such proofs shall have been
supplied to the Board.

Board may insert other Conditions in Policies.

15. In addition to the terms and conditions upon the
    performance or happening of which any policy issued under
    the said Act or under these regulations is to become void or
    is to be subject to, the Board may, at the time of issuing
    any policy granted under the said Act, cause to be inserted
    in or indorsed thereon any other terms and condition or
    conditions it may think fit upon the happening or per-
    formance 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.

Terms on which Contracts may be varied.

16. The terms and conditions on which contracts entered
    into under the said Act or the Acts thereby repealed or
    altered may be varied either by way of exchange or otherwise
    shall be such as the Board may from time to time think fit.

Annuity Instalment.

17. In every case before payment of any instalment of an
    annuity, the annuitant shall furnish such proofs of identity
    and survival as the Board shall require.

Deferred-Annuity or Endowment Claim.

18. Before any moneys payable in respect of any deferred
    annuity or endowment will be paid under any policy in that
    behalf, the Board may require satisfactory evidence of the
    age, identity, and survival of the person on whose life the
    policy shall have been effected.

Proof of Age.

19. In every case where the age of the person whose life is
    insured has not been admitted by or on behalf of the Board
    as aforesaid, the age may be proved by furnishing to the
    Board either—

(a.) An examined official or certified copy or extract from
the register or other official record of the birth; or

(b.) A declaration, affirmation, or affidavit stating that no
register or other official record of the birth is to be
found; and a declaration, affirmation, or affidavit, by
some person other than the insured, stating with
particularity the belief of the person declaring, affirm-
ing, or swearing as to the age of the person whose life
is insured, and the grounds of such belief. Such
declarations, affirmations, or affidavits must be made
in such form and manner that the persons making