Dec. 23.] THE NEW ZEALAND GAZETTE. 3273

POSTMASTERS MAY BE AGENTS.

4. The Postmaster at any post-office may, with the previous consent of the Postmaster-General, be appointed 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 are specially empowered so to do by their letters of appointment, or by these rules and regulations.

FORM OF MAKING PROPOSALS.

6. Any person desiring to enter into any contract under the said Act (herein referred to as “the proposer”) shall make his proposal for the same in a form applicable thereto, and shall make and sign the declaration or declarations required by the Commissioner.

WHEN MEDICAL EXAMINATION NECESSARY.

7. Every person whose life is proposed for insurance shall, when required by the Commissioner, present himself for medical examination by a legally qualified medical practitioner duly authorised by the Commissioner for the purpose of such examination. Such medical examination shall be conducted according 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 the Chief Medical Officer or by a Board from time to time to be appointed by the Governor; and the report or recommendation of the Chief Medical Officer or Board in each case shall be laid before the Commissioner.

TABLES ONLY TO SPECIFY RATES APPLICABLE TO FIRST-CLASS LIVES.

10. All tables of premiums shall only specify the rate of premium for first-class lives.

COMMISSIONER TO FIX EXTRA RATE.

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 connected therewith and of the opinion of the Chief Medical Officer or Board: Provided that (except as otherwise determined under these rules and regulations) no life shall be accepted at a less rate than that fixed for a first-class life.

DEDUCTION IN CASE OF MINISTERS OF RELIGION.

12. In the case of life-insurance policies effected under the said Act on the lives of ministers of religion whose names are duly registered under “The Marriage Act, 1908,” deductions shall be made from the rates of premium as follows:—
    (a.) Whole-life insurances: A deduction at the rate of five pounds per centum per annum, calculated upon the whole premium.
    (b.) Endowment insurances: A deduction at the rate of five pounds per centum per annum, calculated upon the temporary insurance pure premium only.
    (c.) Double-endowment insurances: No deduction.

MAXIMUM AMOUNT OF INSURANCE.

13. 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 TO BE ALLOWED FOR COMPLETION OF PROPOSAL.

14. If the Commissioner elects 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 fails to do so, the proposal shall be deemed to be abandoned, unless the Commissioner otherwise determines.

POLICY NOT IN FORCE UNTIL PAYMENT OF PREMIUM.

15. No policy made under the provisions of the said Act shall be in force against the Commissioner until the first premium payable thereunder by or on behalf of the assured has been actually paid.

POLICY TO BE ISSUED.

16. 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 contract.

FORM OF CONTRACTS.

17. The forms of policy and other contracts now in use in the Government Insurance Department shall, subject to such modifications in form as may be necessary by these regulations, be the forms of policy and contract to be used by the Commissioner under the said Act and these rules and regulations.

CONDITIONS OF POLICIES TO BE INDORSED.

18. Life-insurance policies shall be subject to the following conditions, which shall, so far as they are applicable to the particular contract, 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 knowingly untrue; or if any other paper or statement furnished by the proposer, on the faith of which the policy may have been issued, is at any time found to contain any wilfully untrue statement; or if there is at any time on the part of the proposer any fraudulent concealment from the Commissioner of any important particular.
(b.) Policies shall become void if payment of the annual or other premium is 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 and interest thereon as at the due date of each premium accumulated at a rate not exceeding seven pounds per centum per annum, provided that no charge for interest shall be less than one shilling.
(c.) Provided that no policy which has acquired a surrender value shall be absolutely forfeited by reason of such non-payment of premium so long as the charges on the policy are not in excess of the surrender value for the time being: Provided further (with respect to policies on which the premiums are payable yearly or half-yearly) that no such policy shall be absolutely forfeited so long as the surrender value for the time being, after deduction of the charges on the policy, suffices to meet at least one-quarter of such yearly or one-half of such half-yearly premium; and any such policy may