{\rtf1\adeflang1025\ansi\ansicpg1252\uc1\adeff42\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033\themelang1033\themelangfe0\themelangcs0{\fonttbl{\f0\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}
{\f2\fbidi \fmodern\fcharset0\fprq1{\*\panose 02070309020205020404}Courier New;}{\f3\fbidi \froman\fcharset2\fprq2{\*\panose 05050102010706020507}Symbol;}{\f4\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Helvetica;}
{\f5\fbidi \fmodern\fcharset0\fprq1{\*\panose 02070409020205020404}Courier;}{\f6\fbidi \froman\fcharset0\fprq2{\*\panose 02020603040505020304}Tms Rmn;}{\f7\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202030204}Helv;}
{\f8\fbidi \froman\fcharset0\fprq2{\*\panose 02040503060506020304}New York;}{\f9\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}System;}{\f10\fbidi \fnil\fcharset2\fprq2{\*\panose 05000000000000000000}Wingdings;}
{\f11\fbidi \fmodern\fcharset128\fprq1{\*\panose 02020609040205080304}MS Mincho{\*\falt ?l?r ??\'81\'66c};}{\f12\fbidi \froman\fcharset129\fprq2{\*\panose 02030600000101010101}Batang{\*\falt \'a9\'f6UAA};}
{\f13\fbidi \fnil\fcharset134\fprq2{\*\panose 02010600030101010101}SimSun{\*\falt ??\'a8\'ac?};}{\f14\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}PMingLiU{\*\falt \'a1\'50s2OcuAe};}
{\f15\fbidi \fmodern\fcharset128\fprq1{\*\panose 020b0609070205080204}MS Gothic{\*\falt ?l?r ?S?V?b?N};}{\f16\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0600000101010101}Dotum{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}
{\f17\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}SimHei{\*\falt o\'a8\'b2\'a8\'ac?};}{\f18\fbidi \fmodern\fcharset136\fprq1{\*\panose 02020509000000000000}MingLiU{\*\falt 2OcuAe};}
{\f19\fbidi \froman\fcharset128\fprq1{\*\panose 02020609040305080305}Mincho{\*\falt ??\'81\'66c};}{\f20\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0600000101010101}Gulim{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}
{\f21\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}Century;}{\f22\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Angsana New;}{\f23\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0304020202020204}Cordia New;}
{\f24\fbidi \froman\fcharset0\fprq2{\*\panose 02040503050203030202}Mangal;}{\f25\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Latha;}{\f26\fbidi \froman\fcharset0\fprq2{\*\panose 010a0502050306030303}Sylfaen;}
{\f27\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Vrinda;}{\f28\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Raavi;}{\f29\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Shruti;}
{\f30\fbidi \froman\fcharset1\fprq2{\*\panose 00000400000000000000}Sendnya;}{\f31\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Gautami;}{\f32\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Tunga;}
{\f33\fbidi \fscript\fcharset0\fprq2{\*\panose 03080600000000000000}Estrangelo Edessa;}{\f34\fbidi \froman\fcharset0\fprq2{\*\panose 02040503050406030204}Cambria Math;}{\f35\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604020202020204}Arial Unicode MS;}
{\f36\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}{\f37\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\f38\fbidi \froman\fcharset0\fprq2{\*\panose 02040503050406030204}Cambria;}
{\f39\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Segoe UI;}{\f40\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Estrangella Edessa;}{\f41\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}Tahoma;}
{\f42\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}NewCenturySchlbk{\*\falt Century Schoolbook};}{\f43\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}Century Schoolbook;}
{\f44\fbidi \fnil\fcharset2\fprq2{\*\panose 00000000000000000000}Marlett;}{\f45\fbidi \fmodern\fcharset0\fprq1{\*\panose 020b0609040504020204}Lucida Console;}{\f46\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0602030504020204}Lucida Sans Unicode;}
{\f47\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}Verdana;}{\f48\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0a04020102020204}Arial Black;}{\f49\fbidi \fscript\fcharset0\fprq2{\*\panose 030f0702030302020204}Comic Sans MS;}
{\f50\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0806030902050204}Impact;}{\f51\fbidi \froman\fcharset0\fprq2{\*\panose 02040502050405020303}Georgia;}{\f52\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0603020102020204}Franklin Gothic Medium;}
{\f53\fbidi \froman\fcharset0\fprq2{\*\panose 02040502050505030304}Palatino Linotype;}{\f54\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0603020202020204}Trebuchet MS;}{\f55\fbidi \froman\fcharset2\fprq2{\*\panose 05030102010509060703}Webdings;}
{\f56\fbidi \fnil\fcharset0\fprq2{\*\panose 02000500030200090000}MV Boli;}{\f57\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Microsoft Sans Serif;}{\f58\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0606020202030204}Arial Narrow;}
{\f59\fbidi \froman\fcharset0\fprq2{\*\panose 02040602050305030304}Book Antiqua;}{\f60\fbidi \froman\fcharset0\fprq2{\*\panose 02050604050505020204}Bookman Old Style;}{\f61\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502020202020204}Century Gothic;}
{\f62\fbidi \froman\fcharset0\fprq2{\*\panose 02020404030301010803}Garamond;}{\f63\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0706040902060204}Haettenschweiler;}{\f64\fbidi \fnil\fcharset2\fprq2{\*\panose 05010100010000000000}MS Outlook;}
{\f65\fbidi \fscript\fcharset0\fprq2{\*\panose 03010101010201010101}Monotype Corsiva;}{\f66\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0503020202020204}Agency FB;}{\f67\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020705040a02060702}Algerian;}
{\f68\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0704030504030204}Arial Rounded MT Bold;}{\f69\fbidi \froman\fcharset0\fprq2{\*\panose 02020602080505020303}Baskerville Old Face;}
{\f70\fbidi \fdecor\fcharset0\fprq2{\*\panose 04030905020b02020c02}Bauhaus 93;}{\f71\fbidi \froman\fcharset0\fprq2{\*\panose 02020503060305020303}Bell MT;}{\f72\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0602020502020306}Berlin Sans FB;}
{\f73\fbidi \froman\fcharset0\fprq2{\*\panose 02050806060905020404}Bernard MT Condensed;}{\f74\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020505051007020d02}Blackadder ITC;}{\f75\fbidi \froman\fcharset0\fprq2{\*\panose 02070603080606020203}Bodoni MT;}
{\f76\fbidi \froman\fcharset0\fprq2{\*\panose 02070a03080606020203}Bodoni MT Black;}{\f77\fbidi \froman\fcharset0\fprq2{\*\panose 02070606080606020203}Bodoni MT Condensed;}
{\f78\fbidi \froman\fcharset0\fprq2{\*\panose 02070706080601050204}Bodoni MT Poster Compressed;}{\f79\fbidi \fscript\fcharset0\fprq2{\*\panose 03070402050302030203}Bradley Hand ITC;}
{\f80\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0903060703020204}Britannic Bold;}{\f81\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040905080b02020502}Broadway;}{\f82\fbidi \fscript\fcharset0\fprq2{\*\panose 03060802040406070304}Brush Script MT;}
{\f83\fbidi \froman\fcharset0\fprq2{\*\panose 0207040306080b030204}Californian FB;}{\f84\fbidi \froman\fcharset0\fprq2{\*\panose 02040603050505030304}Calisto MT;}{\f85\fbidi \froman\fcharset0\fprq2{\*\panose 020a0402060406010301}Castellar;}
{\f86\fbidi \froman\fcharset0\fprq2{\*\panose 02030504050205020304}Centaur;}{\f87\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020404031007020602}Chiller;}{\f88\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020805060202030203}Colonna MT;}
{\f89\fbidi \froman\fcharset0\fprq2{\*\panose 0208090404030b020404}Cooper Black;}{\f90\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0705020206020404}Copperplate Gothic Bold;}
{\f91\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0507020206020404}Copperplate Gothic Light;}{\f92\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040404050702020202}Curlz MT;}
{\f93\fbidi \fscript\fcharset0\fprq2{\*\panose 030303020407070d0804}Edwardian Script ITC;}{\f94\fbidi \froman\fcharset0\fprq2{\*\panose 02020904090505020303}Elephant;}{\f95\fbidi \froman\fcharset0\fprq2{\*\panose 02090707080505020304}Engravers MT;}
{\f96\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0907030504020204}Eras Bold ITC;}{\f97\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0805030504020804}Eras Demi ITC;}{\f98\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0402030504020804}Eras Light ITC;}
{\f99\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0602030504020804}Eras Medium ITC;}{\f100\fbidi \fdecor\fcharset0\fprq2{\*\panose 04060505060202020a04}Felix Titling;}{\f101\fbidi \froman\fcharset0\fprq2{\*\panose 0204060206030a020304}Footlight MT Light;}
{\f102\fbidi \fscript\fcharset0\fprq2{\*\panose 03060902040502070203}Forte;}{\f103\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0503020102020204}Franklin Gothic Book;}
{\f104\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0703020102020204}Franklin Gothic Demi;}{\f105\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0706030402020204}Franklin Gothic Demi Cond;}
{\f106\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0903020102020204}Franklin Gothic Heavy;}{\f107\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0606030402020204}Franklin Gothic Medium Cond;}
{\f108\fbidi \fscript\fcharset0\fprq2{\*\panose 030804020302050b0404}Freestyle Script;}{\f109\fbidi \fscript\fcharset0\fprq2{\*\panose 03020402040607040605}French Script MT;}{\f110\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040504061007020d02}Gigi;}
{\f111\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0902020104020203}Gill Sans MT Ext Condensed Bold;}{\f112\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502020104020203}Gill Sans MT;}
{\f113\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0506020104020203}Gill Sans MT Condensed;}{\f114\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0a02020104020203}Gill Sans Ultra Bold;}
{\f115\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0a06020104020203}Gill Sans Ultra Bold Condensed;}{\f116\fbidi \froman\fcharset0\fprq2{\*\panose 02030808020601010101}Gloucester MT Extra Condensed;}
{\f117\fbidi \froman\fcharset0\fprq2{\*\panose 02020502050305020303}Goudy Old Style;}{\f118\fbidi \froman\fcharset0\fprq2{\*\panose 0202090407030b020401}Goudy Stout;}{\f119\fbidi \fdecor\fcharset0\fprq2{\*\panose 04030604020f02020d02}Harlow Solid Italic;}
{\f120\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040505050a02020702}Harrington;}{\f121\fbidi \froman\fcharset0\fprq2{\*\panose 02040502050506030303}High Tower Text;}{\f122\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020605060303030202}Imprint MT Shadow;}
{\f123\fbidi \fdecor\fcharset0\fprq2{\*\panose 04090605060d06020702}Jokerman;}{\f124\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040403040a02020202}Juice ITC;}{\f125\fbidi \fscript\fcharset0\fprq2{\*\panose 03050502040202030202}Kristen ITC;}
{\f126\fbidi \fscript\fcharset0\fprq2{\*\panose 030304020206070d0d06}Kunstler Script;}{\f127\fbidi \froman\fcharset0\fprq2{\*\panose 02040602050505020304}Lucida Bright;}
{\f128\fbidi \fscript\fcharset0\fprq2{\*\panose 03010101010101010101}Lucida Calligraphy;}{\f129\fbidi \froman\fcharset0\fprq2{\*\panose 02060602050505020204}Lucida Fax;}
{\f130\fbidi \fscript\fcharset0\fprq2{\*\panose 03010101010101010101}Lucida Handwriting;}{\f131\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0602040502020204}Lucida Sans;}
{\f132\fbidi \fmodern\fcharset0\fprq1{\*\panose 020b0509030504030204}Lucida Sans Typewriter;}{\f133\fbidi \fdecor\fcharset0\fprq2{\*\panose 04030805050802020d02}Magneto;}{\f134\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0502030308020204}Maiandra GD;}
{\f135\fbidi \fscript\fcharset0\fprq2{\*\panose 03020802060602070202}Matura MT Script Capitals;}{\f136\fbidi \fscript\fcharset0\fprq2{\*\panose 03090702030407020403}Mistral;}
{\f137\fbidi \froman\fcharset0\fprq2{\*\panose 02070704070505020303}Modern No. 20;}{\f138\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020502070703030202}Niagara Engraved;}{\f139\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020502070702020202}Niagara Solid;}
{\f140\fbidi \fmodern\fcharset0\fprq2{\*\panose 02010509020102010303}OCR A Extended;}{\f141\fbidi \fscript\fcharset0\fprq2{\*\panose 03040902040508030806}Old English Text MT;}{\f142\fbidi \fdecor\fcharset0\fprq2{\*\panose 04050602080702020203}Onyx;}
{\f143\fbidi \fscript\fcharset0\fprq2{\*\panose 030303020206070c0b05}Palace Script MT;}{\f144\fbidi \fscript\fcharset0\fprq2{\*\panose 03070502060502030205}Papyrus;}{\f145\fbidi \fscript\fcharset0\fprq2{\*\panose 03040602040708040804}Parchment;}
{\f146\fbidi \froman\fcharset0\fprq2{\*\panose 02020502060401020303}Perpetua;}{\f147\fbidi \froman\fcharset0\fprq2{\*\panose 02020502060505020804}Perpetua Titling MT;}{\f148\fbidi \fdecor\fcharset0\fprq2{\*\panose 040506030a0602020202}Playbill;}
{\f149\fbidi \froman\fcharset0\fprq2{\*\panose 02080502050505020702}Poor Richard;}{\f150\fbidi \fscript\fcharset0\fprq2{\*\panose 03060402040406080204}Pristina;}{\f151\fbidi \fscript\fcharset0\fprq2{\*\panose 03070502040507070304}Rage Italic;}
{\f152\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040805050809020602}Ravie;}{\f153\fbidi \froman\fcharset0\fprq2{\*\panose 02060603020205020403}Rockwell;}{\f154\fbidi \froman\fcharset0\fprq2{\*\panose 02060603050405020104}Rockwell Condensed;}
{\f155\fbidi \froman\fcharset0\fprq2{\*\panose 02060903040505020403}Rockwell Extra Bold;}{\f156\fbidi \fscript\fcharset0\fprq2{\*\panose 030604020304060b0204}Informal Roman;}
{\f157\fbidi \fscript\fcharset0\fprq2{\*\panose 03040602040607080904}Script MT Bold;}{\f158\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020904020102020604}Showcard Gothic;}{\f159\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040a07060a02020202}Snap ITC;}
{\f160\fbidi \fdecor\fcharset0\fprq2{\*\panose 040409050d0802020404}Stencil;}{\f161\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0602020104020603}Tw Cen MT;}{\f162\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0606020104020203}Tw Cen MT Condensed;}
{\f163\fbidi \fdecor\fcharset0\fprq2{\*\panose 04020404030d07020202}Tempus Sans ITC;}{\f164\fbidi \fscript\fcharset0\fprq2{\*\panose 03070502030502020203}Viner Hand ITC;}{\f165\fbidi \fscript\fcharset0\fprq2{\*\panose 03020602050506090804}Vivaldi;}
{\f166\fbidi \fscript\fcharset0\fprq2{\*\panose 03050402040407070305}Vladimir Script;}{\f167\fbidi \froman\fcharset0\fprq2{\*\panose 020a0a07050505020404}Wide Latin;}{\f168\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0802020502020306}Berlin Sans FB Demi;}
{\f169\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0803020202020204}Tw Cen MT Condensed Extra Bold;}{\f170\fbidi \froman\fcharset2\fprq2{\*\panose 05020102010507070707}Wingdings 2;}
{\f171\fbidi \froman\fcharset2\fprq2{\*\panose 05040102010807070707}Wingdings 3;}{\f172\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}ZWAdobeF;}{\f173\fbidi \fmodern\fcharset128\fprq1{\*\panose 02020609040205080304}@MS Mincho;}
{\f174\fbidi \froman\fcharset128\fprq2{\*\panose 02020600040205080304}MS PMincho;}{\f175\fbidi \froman\fcharset128\fprq2{\*\panose 02020600040205080304}@MS PMincho;}{\f176\fbidi \fmodern\fcharset128\fprq1{\*\panose 020b0609070205080204}@MS Gothic;}
{\f177\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0600070205080204}MS PGothic;}{\f178\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0600070205080204}@MS PGothic;}{\f179\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0600070205080204}MS UI Gothic;}
{\f180\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0600070205080204}@MS UI Gothic;}{\f181\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0600000101010101}@Gulim;}{\f182\fbidi \fmodern\fcharset129\fprq1{\*\panose 020b0609000101010101}GulimChe;}
{\f183\fbidi \fmodern\fcharset129\fprq1{\*\panose 020b0609000101010101}@GulimChe;}{\f184\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0600000101010101}@Dotum;}{\f185\fbidi \fmodern\fcharset129\fprq1{\*\panose 020b0609000101010101}DotumChe;}
{\f186\fbidi \fmodern\fcharset129\fprq1{\*\panose 020b0609000101010101}@DotumChe;}{\f187\fbidi \froman\fcharset129\fprq2{\*\panose 02030600000101010101}@Batang;}{\f188\fbidi \fmodern\fcharset129\fprq1{\*\panose 02030609000101010101}BatangChe;}
{\f189\fbidi \fmodern\fcharset129\fprq1{\*\panose 02030609000101010101}@BatangChe;}{\f190\fbidi \froman\fcharset129\fprq2{\*\panose 02030600000101010101}Gungsuh;}{\f191\fbidi \froman\fcharset129\fprq2{\*\panose 02030600000101010101}@Gungsuh;}
{\f192\fbidi \fmodern\fcharset129\fprq1{\*\panose 02030609000101010101}GungsuhChe;}{\f193\fbidi \fmodern\fcharset129\fprq1{\*\panose 02030609000101010101}@GungsuhChe;}{\f194\fbidi \fnil\fcharset134\fprq2{\*\panose 02010600030101010101}@SimSun;}
{\f195\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609030101010101}NSimSun;}{\f196\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609030101010101}@NSimSun;}{\f197\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}@SimHei;}
{\f198\fbidi \fmodern\fcharset136\fprq1{\*\panose 02020509000000000000}@MingLiU;}{\f199\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}@PMingLiU;}
{\f200\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Microsoft Sans Serif (Vietnames;}{\f201\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Franklin Gothic Demi Cond Balti;}
{\f202\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium Cond Gre;}{\f203\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium Cond Bal;}
{\f204\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Gill Sans Ultra Bold Condensed ;}{\f205\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Tw Cen MT Condensed Extra Bold ;}
{\f206\fbidi \fnil\fcharset0\fprq2{\*\panose 01010101010101010101}DaunPenh;}{\f207\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}DokChampa;}{\f208\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0503040102020104}Euphemia;}
{\f209\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Vani;}{\f210\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Iskoola Pota;}{\f211\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Kalinga;}
{\f212\fbidi \froman\fcharset0\fprq2{\*\panose 02020503030404060203}Kartika;}{\f213\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Khmer UI;}{\f214\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Lao UI;}
{\f215\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0503020000020004}Malgun Gothic;}{\f216\fbidi \fswiss\fcharset129\fprq2{\*\panose 020b0503020000020004}@Malgun Gothic;}{\f217\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604030504040204}Meiryo;}
{\f218\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604030504040204}@Meiryo;}{\f219\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604030504040204}Meiryo UI;}{\f220\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604030504040204}@Meiryo UI;}
{\f221\fbidi \fnil\fcharset0\fprq2{\*\panose 01010100010101010101}Microsoft Himalaya;}{\f222\fbidi \fswiss\fcharset136\fprq2{\*\panose 020b0604030504040204}Microsoft JhengHei;}
{\f223\fbidi \fswiss\fcharset136\fprq2{\*\panose 020b0604030504040204}@Microsoft JhengHei;}{\f224\fbidi \fswiss\fcharset134\fprq2{\*\panose 020b0503020204020204}Microsoft YaHei;}
{\f225\fbidi \fswiss\fcharset134\fprq2{\*\panose 020b0503020204020204}@Microsoft YaHei;}{\f226\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}MingLiU_HKSCS;}
{\f227\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}@MingLiU_HKSCS;}{\f228\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}MingLiU-ExtB;}{\f229\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}@MingLiU-ExtB;}
{\f230\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}PMingLiU-ExtB;}{\f231\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}@PMingLiU-ExtB;}
{\f232\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}MingLiU_HKSCS-ExtB;}{\f233\fbidi \froman\fcharset136\fprq2{\*\panose 02020500000000000000}@MingLiU_HKSCS-ExtB;}
{\f234\fbidi \fscript\fcharset0\fprq2{\*\panose 03000500000000000000}Mongolian Baiti;}{\f235\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Microsoft New Tai Lue;}{\f236\fbidi \fnil\fcharset0\fprq2{\*\panose 02000504070300020003}Nyala;}
{\f237\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Microsoft PhagsPa;}{\f238\fbidi \froman\fcharset0\fprq2{\*\panose 02020602070100000000}Plantagenet Cherokee;}
{\f239\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0504020000000003}Segoe Script;}{\f240\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0702040204020203}Segoe UI Semibold;}{\f241\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Segoe UI Light;}
{\f242\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Segoe UI Symbol;}{\f243\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}SimSun-ExtB;}{\f244\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}@SimSun-ExtB;}
{\f245\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Microsoft Tai Le;}{\f246\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Shonar Bangla;}
{\f247\fbidi \fscript\fcharset0\fprq2{\*\panose 03000500000000000000}Microsoft Yi Baiti;}{\f248\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Aparajita;}{\f249\fbidi \fnil\fcharset0\fprq2{\*\panose 02000000000000000000}Ebrima;}
{\f250\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Gisha;}{\f251\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Kokila;}{\f252\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0100010101010101}MoolBoran;}
{\f253\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Utsaah;}{\f254\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Vijaya;}{\f255\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Andalus;}
{\f256\fbidi \fscript\fcharset0\fprq2{\*\panose 03020402040406030203}Arabic Typesetting;}{\f257\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Simplified Arabic;}
{\f258\fbidi \fmodern\fcharset0\fprq1{\*\panose 02070309020205020404}Simplified Arabic Fixed;}{\f259\fbidi \fnil\fcharset0\fprq2{\*\panose 02000000000000000000}Sakkal Majalla;}
{\f260\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Traditional Arabic;}{\f261\fbidi \fnil\fcharset177\fprq2{\*\panose 02010803020104030203}Aharoni;}{\f262\fbidi \fswiss\fcharset177\fprq2{\*\panose 020e0502060401010101}David;}
{\f263\fbidi \fswiss\fcharset177\fprq2{\*\panose 020e0503060101010101}FrankRuehl;}{\f264\fbidi \fnil\fcharset177\fprq2{\*\panose 02010502060101010101}Levenim MT;}{\f265\fbidi \fswiss\fcharset177\fprq2{\*\panose 020b0502050101010101}Miriam;}
{\f266\fbidi \fmodern\fcharset177\fprq1{\*\panose 020b0509050101010101}Miriam Fixed;}{\f267\fbidi \fswiss\fcharset177\fprq2{\*\panose 020e0502050101010101}Narkisim;}{\f268\fbidi \fmodern\fcharset177\fprq1{\*\panose 02030509050101010101}Rod;}
{\f269\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}FangSong;}{\f270\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}@FangSong;}{\f271\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}KaiTi;}
{\f272\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010609060101010101}@KaiTi;}{\f273\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}AngsanaUPC;}{\f274\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Browallia New;}
{\f275\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}BrowalliaUPC;}{\f276\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0304020202020204}CordiaUPC;}{\f277\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}DilleniaUPC;}
{\f278\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}EucrosiaUPC;}{\f279\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}FreesiaUPC;}{\f280\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}IrisUPC;}
{\f281\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}JasmineUPC;}{\f282\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}KodchiangUPC;}{\f283\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}LilyUPC;}
{\f284\fbidi \fscript\fcharset136\fprq1{\*\panose 03000509000000000000}DFKai-SB;}{\f285\fbidi \fscript\fcharset136\fprq1{\*\panose 03000509000000000000}@DFKai-SB;}{\f286\fbidi \fswiss\fcharset0\fprq2{\*\panose 020e0502030303020204}Candara;}
{\f287\fbidi \fmodern\fcharset0\fprq1{\*\panose 020b0609020204030204}Consolas;}{\f288\fbidi \froman\fcharset0\fprq2{\*\panose 02030602050306030303}Constantia;}{\f289\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0503020204020204}Corbel;}
{\f290\fbidi \fdecor\fcharset0\fprq2{\*\panose 04040605051002020d02}Gabriola;}{\f291\fbidi \fnil\fcharset0\fprq2{\*\panose 02000600000000000000}Segoe Print;}{\f292\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604020202020204}@Arial Unicode MS;}
{\f293\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Gadugi;}{\f294\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Leelawadee;}{\f295\fbidi \fswiss\fcharset136\fprq2{\*\panose 020b0604030504040204}Microsoft JhengHei UI;}
{\f296\fbidi \fswiss\fcharset136\fprq2{\*\panose 020b0604030504040204}@Microsoft JhengHei UI;}{\f297\fbidi \fnil\fcharset0\fprq2{\*\panose 02000000000000000000}Microsoft Uighur;}
{\f298\fbidi \fswiss\fcharset134\fprq2{\*\panose 020b0503020204020204}Microsoft YaHei UI;}{\f299\fbidi \fswiss\fcharset134\fprq2{\*\panose 020b0503020204020204}@Microsoft YaHei UI;}
{\f300\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0402040204020203}Segoe UI Semilight;}{\f301\fbidi \fnil\fcharset2\fprq2{\*\panose 05010101010101010101}Bookshelf Symbol 7;}
{\f302\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}MS Reference Sans Serif;}{\f303\fbidi \fnil\fcharset2\fprq2{\*\panose 05000500000000000000}MS Reference Specialty;}
{\f304\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0603020201020101}Euro Sign;}{\f305\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Nirmala UI;}{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhimajor\f31502\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}
{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}
{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f306\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\f307\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\f309\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\f310\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\f311\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\f312\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\f313\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\f314\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\f316\fbidi \fswiss\fcharset238\fprq2 Arial CE;}{\f317\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}
{\f319\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f320\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f321\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}{\f322\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}
{\f323\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f324\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f326\fbidi \fmodern\fcharset238\fprq1 Courier New CE;}{\f327\fbidi \fmodern\fcharset204\fprq1 Courier New Cyr;}
{\f329\fbidi \fmodern\fcharset161\fprq1 Courier New Greek;}{\f330\fbidi \fmodern\fcharset162\fprq1 Courier New Tur;}{\f331\fbidi \fmodern\fcharset177\fprq1 Courier New (Hebrew);}{\f332\fbidi \fmodern\fcharset178\fprq1 Courier New (Arabic);}
{\f333\fbidi \fmodern\fcharset186\fprq1 Courier New Baltic;}{\f334\fbidi \fmodern\fcharset163\fprq1 Courier New (Vietnamese);}{\f346\fbidi \fswiss\fcharset238\fprq2 Helvetica CE;}{\f347\fbidi \fswiss\fcharset204\fprq2 Helvetica Cyr;}
{\f349\fbidi \fswiss\fcharset161\fprq2 Helvetica Greek;}{\f350\fbidi \fswiss\fcharset162\fprq2 Helvetica Tur;}{\f351\fbidi \fswiss\fcharset177\fprq2 Helvetica (Hebrew);}{\f352\fbidi \fswiss\fcharset178\fprq2 Helvetica (Arabic);}
{\f353\fbidi \fswiss\fcharset186\fprq2 Helvetica Baltic;}{\f354\fbidi \fswiss\fcharset163\fprq2 Helvetica (Vietnamese);}{\f418\fbidi \fmodern\fcharset0\fprq1 MS Mincho Western{\*\falt ?l?r ??\'81\'66c};}
{\f416\fbidi \fmodern\fcharset238\fprq1 MS Mincho CE{\*\falt ?l?r ??\'81\'66c};}{\f417\fbidi \fmodern\fcharset204\fprq1 MS Mincho Cyr{\*\falt ?l?r ??\'81\'66c};}{\f419\fbidi \fmodern\fcharset161\fprq1 MS Mincho Greek{\*\falt ?l?r ??\'81\'66c};}
{\f420\fbidi \fmodern\fcharset162\fprq1 MS Mincho Tur{\*\falt ?l?r ??\'81\'66c};}{\f423\fbidi \fmodern\fcharset186\fprq1 MS Mincho Baltic{\*\falt ?l?r ??\'81\'66c};}{\f428\fbidi \froman\fcharset0\fprq2 Batang Western{\*\falt \'a9\'f6UAA};}
{\f426\fbidi \froman\fcharset238\fprq2 Batang CE{\*\falt \'a9\'f6UAA};}{\f427\fbidi \froman\fcharset204\fprq2 Batang Cyr{\*\falt \'a9\'f6UAA};}{\f429\fbidi \froman\fcharset161\fprq2 Batang Greek{\*\falt \'a9\'f6UAA};}
{\f430\fbidi \froman\fcharset162\fprq2 Batang Tur{\*\falt \'a9\'f6UAA};}{\f433\fbidi \froman\fcharset186\fprq2 Batang Baltic{\*\falt \'a9\'f6UAA};}{\f438\fbidi \fnil\fcharset0\fprq2 SimSun Western{\*\falt ??\'a8\'ac?};}
{\f448\fbidi \froman\fcharset0\fprq2 PMingLiU Western{\*\falt \'a1\'50s2OcuAe};}{\f458\fbidi \fmodern\fcharset0\fprq1 MS Gothic Western{\*\falt ?l?r ?S?V?b?N};}{\f456\fbidi \fmodern\fcharset238\fprq1 MS Gothic CE{\*\falt ?l?r ?S?V?b?N};}
{\f457\fbidi \fmodern\fcharset204\fprq1 MS Gothic Cyr{\*\falt ?l?r ?S?V?b?N};}{\f459\fbidi \fmodern\fcharset161\fprq1 MS Gothic Greek{\*\falt ?l?r ?S?V?b?N};}{\f460\fbidi \fmodern\fcharset162\fprq1 MS Gothic Tur{\*\falt ?l?r ?S?V?b?N};}
{\f463\fbidi \fmodern\fcharset186\fprq1 MS Gothic Baltic{\*\falt ?l?r ?S?V?b?N};}{\f468\fbidi \fswiss\fcharset0\fprq2 Dotum Western{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}{\f466\fbidi \fswiss\fcharset238\fprq2 Dotum CE{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}
{\f467\fbidi \fswiss\fcharset204\fprq2 Dotum Cyr{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}{\f469\fbidi \fswiss\fcharset161\fprq2 Dotum Greek{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}
{\f470\fbidi \fswiss\fcharset162\fprq2 Dotum Tur{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}{\f473\fbidi \fswiss\fcharset186\fprq2 Dotum Baltic{\*\falt \'a5\'ec\'a2\'ac\'a2\'afo};}{\f478\fbidi \fmodern\fcharset0\fprq1 SimHei Western{\*\falt o\'a8\'b2\'a8\'ac?};}
{\f488\fbidi \fmodern\fcharset0\fprq1 MingLiU Western{\*\falt 2OcuAe};}{\f508\fbidi \fswiss\fcharset0\fprq2 Gulim Western{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}
{\f506\fbidi \fswiss\fcharset238\fprq2 Gulim CE{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}{\f507\fbidi \fswiss\fcharset204\fprq2 Gulim Cyr{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}
{\f509\fbidi \fswiss\fcharset161\fprq2 Gulim Greek{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}{\f510\fbidi \fswiss\fcharset162\fprq2 Gulim Tur{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}
{\f513\fbidi \fswiss\fcharset186\fprq2 Gulim Baltic{\*\falt \'a1\'be\'a8\'f9\'a2\'ac\'a9\'f7};}{\f516\fbidi \froman\fcharset238\fprq2 Century CE;}{\f517\fbidi \froman\fcharset204\fprq2 Century Cyr;}{\f519\fbidi \froman\fcharset161\fprq2 Century Greek;}
{\f520\fbidi \froman\fcharset162\fprq2 Century Tur;}{\f523\fbidi \froman\fcharset186\fprq2 Century Baltic;}{\f535\fbidi \froman\fcharset222\fprq2 Angsana New (Thai);}{\f545\fbidi \fswiss\fcharset222\fprq2 Cordia New (Thai);}
{\f566\fbidi \froman\fcharset238\fprq2 Sylfaen CE;}{\f567\fbidi \froman\fcharset204\fprq2 Sylfaen Cyr;}{\f569\fbidi \froman\fcharset161\fprq2 Sylfaen Greek;}{\f570\fbidi \froman\fcharset162\fprq2 Sylfaen Tur;}
{\f573\fbidi \froman\fcharset186\fprq2 Sylfaen Baltic;}{\f646\fbidi \froman\fcharset238\fprq2 Cambria Math CE;}{\f647\fbidi \froman\fcharset204\fprq2 Cambria Math Cyr;}{\f649\fbidi \froman\fcharset161\fprq2 Cambria Math Greek;}
{\f650\fbidi \froman\fcharset162\fprq2 Cambria Math Tur;}{\f653\fbidi \froman\fcharset186\fprq2 Cambria Math Baltic;}{\f654\fbidi \froman\fcharset163\fprq2 Cambria Math (Vietnamese);}{\f658\fbidi \fswiss\fcharset0\fprq2 Arial Unicode MS Western;}
{\f656\fbidi \fswiss\fcharset238\fprq2 Arial Unicode MS CE;}{\f657\fbidi \fswiss\fcharset204\fprq2 Arial Unicode MS Cyr;}{\f659\fbidi \fswiss\fcharset161\fprq2 Arial Unicode MS Greek;}{\f660\fbidi \fswiss\fcharset162\fprq2 Arial Unicode MS Tur;}
{\f661\fbidi \fswiss\fcharset177\fprq2 Arial Unicode MS (Hebrew);}{\f662\fbidi \fswiss\fcharset178\fprq2 Arial Unicode MS (Arabic);}{\f663\fbidi \fswiss\fcharset186\fprq2 Arial Unicode MS Baltic;}
{\f664\fbidi \fswiss\fcharset163\fprq2 Arial Unicode MS (Vietnamese);}{\f665\fbidi \fswiss\fcharset222\fprq2 Arial Unicode MS (Thai);}{\f666\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\f667\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}
{\f669\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\f670\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\f673\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\f674\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}
{\f676\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}{\f677\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}{\f679\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\f680\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}
{\f683\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}{\f684\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\f686\fbidi \froman\fcharset238\fprq2 Cambria CE;}{\f687\fbidi \froman\fcharset204\fprq2 Cambria Cyr;}
{\f689\fbidi \froman\fcharset161\fprq2 Cambria Greek;}{\f690\fbidi \froman\fcharset162\fprq2 Cambria Tur;}{\f693\fbidi \froman\fcharset186\fprq2 Cambria Baltic;}{\f694\fbidi \froman\fcharset163\fprq2 Cambria (Vietnamese);}
{\f696\fbidi \fswiss\fcharset238\fprq2 Segoe UI CE;}{\f697\fbidi \fswiss\fcharset204\fprq2 Segoe UI Cyr;}{\f699\fbidi \fswiss\fcharset161\fprq2 Segoe UI Greek;}{\f700\fbidi \fswiss\fcharset162\fprq2 Segoe UI Tur;}
{\f702\fbidi \fswiss\fcharset178\fprq2 Segoe UI (Arabic);}{\f703\fbidi \fswiss\fcharset186\fprq2 Segoe UI Baltic;}{\f704\fbidi \fswiss\fcharset163\fprq2 Segoe UI (Vietnamese);}{\f716\fbidi \fswiss\fcharset238\fprq2 Tahoma CE;}
{\f717\fbidi \fswiss\fcharset204\fprq2 Tahoma Cyr;}{\f719\fbidi \fswiss\fcharset161\fprq2 Tahoma Greek;}{\f720\fbidi \fswiss\fcharset162\fprq2 Tahoma Tur;}{\f721\fbidi \fswiss\fcharset177\fprq2 Tahoma (Hebrew);}
{\f722\fbidi \fswiss\fcharset178\fprq2 Tahoma (Arabic);}{\f723\fbidi \fswiss\fcharset186\fprq2 Tahoma Baltic;}{\f724\fbidi \fswiss\fcharset163\fprq2 Tahoma (Vietnamese);}{\f725\fbidi \fswiss\fcharset222\fprq2 Tahoma (Thai);}
{\f736\fbidi \froman\fcharset238\fprq2 Century Schoolbook CE;}{\f737\fbidi \froman\fcharset204\fprq2 Century Schoolbook Cyr;}{\f739\fbidi \froman\fcharset161\fprq2 Century Schoolbook Greek;}{\f740\fbidi \froman\fcharset162\fprq2 Century Schoolbook Tur;}
{\f743\fbidi \froman\fcharset186\fprq2 Century Schoolbook Baltic;}{\f756\fbidi \fmodern\fcharset238\fprq1 Lucida Console CE;}{\f757\fbidi \fmodern\fcharset204\fprq1 Lucida Console Cyr;}{\f759\fbidi \fmodern\fcharset161\fprq1 Lucida Console Greek;}
{\f760\fbidi \fmodern\fcharset162\fprq1 Lucida Console Tur;}{\f766\fbidi \fswiss\fcharset238\fprq2 Lucida Sans Unicode CE;}{\f767\fbidi \fswiss\fcharset204\fprq2 Lucida Sans Unicode Cyr;}{\f769\fbidi \fswiss\fcharset161\fprq2 Lucida Sans Unicode Greek;}
{\f770\fbidi \fswiss\fcharset162\fprq2 Lucida Sans Unicode Tur;}{\f771\fbidi \fswiss\fcharset177\fprq2 Lucida Sans Unicode (Hebrew);}{\f773\fbidi \fswiss\fcharset186\fprq2 Lucida Sans Unicode Baltic;}{\f776\fbidi \fswiss\fcharset238\fprq2 Verdana CE;}
{\f777\fbidi \fswiss\fcharset204\fprq2 Verdana Cyr;}{\f779\fbidi \fswiss\fcharset161\fprq2 Verdana Greek;}{\f780\fbidi \fswiss\fcharset162\fprq2 Verdana Tur;}{\f783\fbidi \fswiss\fcharset186\fprq2 Verdana Baltic;}
{\f784\fbidi \fswiss\fcharset163\fprq2 Verdana (Vietnamese);}{\f786\fbidi \fswiss\fcharset238\fprq2 Arial Black CE;}{\f787\fbidi \fswiss\fcharset204\fprq2 Arial Black Cyr;}{\f789\fbidi \fswiss\fcharset161\fprq2 Arial Black Greek;}
{\f790\fbidi \fswiss\fcharset162\fprq2 Arial Black Tur;}{\f793\fbidi \fswiss\fcharset186\fprq2 Arial Black Baltic;}{\f796\fbidi \fscript\fcharset238\fprq2 Comic Sans MS CE;}{\f797\fbidi \fscript\fcharset204\fprq2 Comic Sans MS Cyr;}
{\f799\fbidi \fscript\fcharset161\fprq2 Comic Sans MS Greek;}{\f800\fbidi \fscript\fcharset162\fprq2 Comic Sans MS Tur;}{\f803\fbidi \fscript\fcharset186\fprq2 Comic Sans MS Baltic;}{\f806\fbidi \fswiss\fcharset238\fprq2 Impact CE;}
{\f807\fbidi \fswiss\fcharset204\fprq2 Impact Cyr;}{\f809\fbidi \fswiss\fcharset161\fprq2 Impact Greek;}{\f810\fbidi \fswiss\fcharset162\fprq2 Impact Tur;}{\f813\fbidi \fswiss\fcharset186\fprq2 Impact Baltic;}
{\f816\fbidi \froman\fcharset238\fprq2 Georgia CE;}{\f817\fbidi \froman\fcharset204\fprq2 Georgia Cyr;}{\f819\fbidi \froman\fcharset161\fprq2 Georgia Greek;}{\f820\fbidi \froman\fcharset162\fprq2 Georgia Tur;}
{\f823\fbidi \froman\fcharset186\fprq2 Georgia Baltic;}{\f826\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Medium CE;}{\f827\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Medium Cyr;}
{\f829\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Medium Greek;}{\f830\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Medium Tur;}{\f833\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Medium Baltic;}
{\f836\fbidi \froman\fcharset238\fprq2 Palatino Linotype CE;}{\f837\fbidi \froman\fcharset204\fprq2 Palatino Linotype Cyr;}{\f839\fbidi \froman\fcharset161\fprq2 Palatino Linotype Greek;}{\f840\fbidi \froman\fcharset162\fprq2 Palatino Linotype Tur;}
{\f843\fbidi \froman\fcharset186\fprq2 Palatino Linotype Baltic;}{\f844\fbidi \froman\fcharset163\fprq2 Palatino Linotype (Vietnamese);}{\f846\fbidi \fswiss\fcharset238\fprq2 Trebuchet MS CE;}{\f847\fbidi \fswiss\fcharset204\fprq2 Trebuchet MS Cyr;}
{\f849\fbidi \fswiss\fcharset161\fprq2 Trebuchet MS Greek;}{\f850\fbidi \fswiss\fcharset162\fprq2 Trebuchet MS Tur;}{\f853\fbidi \fswiss\fcharset186\fprq2 Trebuchet MS Baltic;}{\f876\fbidi \fswiss\fcharset238\fprq2 Microsoft Sans Serif CE;}
{\f877\fbidi \fswiss\fcharset204\fprq2 Microsoft Sans Serif Cyr;}{\f879\fbidi \fswiss\fcharset161\fprq2 Microsoft Sans Serif Greek;}{\f880\fbidi \fswiss\fcharset162\fprq2 Microsoft Sans Serif Tur;}
{\f881\fbidi \fswiss\fcharset177\fprq2 Microsoft Sans Serif (Hebrew);}{\f882\fbidi \fswiss\fcharset178\fprq2 Microsoft Sans Serif (Arabic);}{\f883\fbidi \fswiss\fcharset186\fprq2 Microsoft Sans Serif Baltic;}
{\f884\fbidi \fswiss\fcharset163\fprq2 Microsoft Sans Serif (Vietnamese);}{\f885\fbidi \fswiss\fcharset222\fprq2 Microsoft Sans Serif (Thai);}{\f886\fbidi \fswiss\fcharset238\fprq2 Arial Narrow CE;}{\f887\fbidi \fswiss\fcharset204\fprq2 Arial Narrow Cyr;}
{\f889\fbidi \fswiss\fcharset161\fprq2 Arial Narrow Greek;}{\f890\fbidi \fswiss\fcharset162\fprq2 Arial Narrow Tur;}{\f893\fbidi \fswiss\fcharset186\fprq2 Arial Narrow Baltic;}{\f896\fbidi \froman\fcharset238\fprq2 Book Antiqua CE;}
{\f897\fbidi \froman\fcharset204\fprq2 Book Antiqua Cyr;}{\f899\fbidi \froman\fcharset161\fprq2 Book Antiqua Greek;}{\f900\fbidi \froman\fcharset162\fprq2 Book Antiqua Tur;}{\f903\fbidi \froman\fcharset186\fprq2 Book Antiqua Baltic;}
{\f906\fbidi \froman\fcharset238\fprq2 Bookman Old Style CE;}{\f907\fbidi \froman\fcharset204\fprq2 Bookman Old Style Cyr;}{\f909\fbidi \froman\fcharset161\fprq2 Bookman Old Style Greek;}{\f910\fbidi \froman\fcharset162\fprq2 Bookman Old Style Tur;}
{\f913\fbidi \froman\fcharset186\fprq2 Bookman Old Style Baltic;}{\f916\fbidi \fswiss\fcharset238\fprq2 Century Gothic CE;}{\f917\fbidi \fswiss\fcharset204\fprq2 Century Gothic Cyr;}{\f919\fbidi \fswiss\fcharset161\fprq2 Century Gothic Greek;}
{\f920\fbidi \fswiss\fcharset162\fprq2 Century Gothic Tur;}{\f923\fbidi \fswiss\fcharset186\fprq2 Century Gothic Baltic;}{\f926\fbidi \froman\fcharset238\fprq2 Garamond CE;}{\f927\fbidi \froman\fcharset204\fprq2 Garamond Cyr;}
{\f929\fbidi \froman\fcharset161\fprq2 Garamond Greek;}{\f930\fbidi \froman\fcharset162\fprq2 Garamond Tur;}{\f933\fbidi \froman\fcharset186\fprq2 Garamond Baltic;}{\f936\fbidi \fswiss\fcharset238\fprq2 Haettenschweiler CE;}
{\f937\fbidi \fswiss\fcharset204\fprq2 Haettenschweiler Cyr;}{\f939\fbidi \fswiss\fcharset161\fprq2 Haettenschweiler Greek;}{\f940\fbidi \fswiss\fcharset162\fprq2 Haettenschweiler Tur;}{\f943\fbidi \fswiss\fcharset186\fprq2 Haettenschweiler Baltic;}
{\f956\fbidi \fscript\fcharset238\fprq2 Monotype Corsiva CE;}{\f957\fbidi \fscript\fcharset204\fprq2 Monotype Corsiva Cyr;}{\f959\fbidi \fscript\fcharset161\fprq2 Monotype Corsiva Greek;}{\f960\fbidi \fscript\fcharset162\fprq2 Monotype Corsiva Tur;}
{\f963\fbidi \fscript\fcharset186\fprq2 Monotype Corsiva Baltic;}{\f1090\fbidi \froman\fcharset162\fprq2 Bodoni MT Poster Compressed Tur;}{\f1336\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Book CE;}
{\f1337\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Book Cyr;}{\f1339\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Book Greek;}{\f1340\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Book Tur;}
{\f1343\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Book Baltic;}{\f1346\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Demi CE;}{\f1347\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Demi Cyr;}
{\f1349\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Demi Greek;}{\f1350\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Demi Tur;}{\f1353\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Demi Baltic;}
{\f1356\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Demi Cond CE;}{\f1357\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Demi Cond Cyr;}{\f1359\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Demi Cond Greek;}
{\f1360\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Demi Cond Tur;}{\f1363\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Demi Cond Baltic;}{\f1366\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Heavy CE;}
{\f1367\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Heavy Cyr;}{\f1369\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Heavy Greek;}{\f1370\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Heavy Tur;}
{\f1373\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Heavy Baltic;}{\f1376\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Medium Cond CE;}{\f1377\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Medium Cond Cyr;}
{\f1379\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Medium Cond Greek;}{\f1380\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Medium Cond Tur;}{\f1383\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Medium Cond Baltic;}
{\f1416\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT Ext Condensed Bold CE;}{\f1426\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT CE;}{\f1436\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT Condensed CE;}
{\f1446\fbidi \fswiss\fcharset238\fprq2 Gill Sans Ultra Bold CE;}{\f1456\fbidi \fswiss\fcharset238\fprq2 Gill Sans Ultra Bold Condensed CE;}{\f1666\fbidi \fscript\fcharset238\fprq2 Mistral CE;}{\f1667\fbidi \fscript\fcharset204\fprq2 Mistral Cyr;}
{\f1669\fbidi \fscript\fcharset161\fprq2 Mistral Greek;}{\f1670\fbidi \fscript\fcharset162\fprq2 Mistral Tur;}{\f1673\fbidi \fscript\fcharset186\fprq2 Mistral Baltic;}{\f1916\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT CE;}
{\f1926\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT Condensed CE;}{\f1996\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT Condensed Extra Bold CE;}{\f2026\fbidi \fnil\fcharset238\fprq2 ZWAdobeF CE;}{\f2027\fbidi \fnil\fcharset204\fprq2 ZWAdobeF Cyr;}
{\f2029\fbidi \fnil\fcharset161\fprq2 ZWAdobeF Greek;}{\f2030\fbidi \fnil\fcharset162\fprq2 ZWAdobeF Tur;}{\f2031\fbidi \fnil\fcharset177\fprq2 ZWAdobeF (Hebrew);}{\f2032\fbidi \fnil\fcharset178\fprq2 ZWAdobeF (Arabic);}
{\f2033\fbidi \fnil\fcharset186\fprq2 ZWAdobeF Baltic;}{\f2034\fbidi \fnil\fcharset163\fprq2 ZWAdobeF (Vietnamese);}{\f2038\fbidi \fmodern\fcharset0\fprq1 @MS Mincho Western;}{\f2036\fbidi \fmodern\fcharset238\fprq1 @MS Mincho CE;}
{\f2037\fbidi \fmodern\fcharset204\fprq1 @MS Mincho Cyr;}{\f2039\fbidi \fmodern\fcharset161\fprq1 @MS Mincho Greek;}{\f2040\fbidi \fmodern\fcharset162\fprq1 @MS Mincho Tur;}{\f2043\fbidi \fmodern\fcharset186\fprq1 @MS Mincho Baltic;}
{\f2048\fbidi \froman\fcharset0\fprq2 MS PMincho Western;}{\f2046\fbidi \froman\fcharset238\fprq2 MS PMincho CE;}{\f2047\fbidi \froman\fcharset204\fprq2 MS PMincho Cyr;}{\f2049\fbidi \froman\fcharset161\fprq2 MS PMincho Greek;}
{\f2050\fbidi \froman\fcharset162\fprq2 MS PMincho Tur;}{\f2053\fbidi \froman\fcharset186\fprq2 MS PMincho Baltic;}{\f2058\fbidi \froman\fcharset0\fprq2 @MS PMincho Western;}{\f2056\fbidi \froman\fcharset238\fprq2 @MS PMincho CE;}
{\f2057\fbidi \froman\fcharset204\fprq2 @MS PMincho Cyr;}{\f2059\fbidi \froman\fcharset161\fprq2 @MS PMincho Greek;}{\f2060\fbidi \froman\fcharset162\fprq2 @MS PMincho Tur;}{\f2063\fbidi \froman\fcharset186\fprq2 @MS PMincho Baltic;}
{\f2068\fbidi \fmodern\fcharset0\fprq1 @MS Gothic Western;}{\f2066\fbidi \fmodern\fcharset238\fprq1 @MS Gothic CE;}{\f2067\fbidi \fmodern\fcharset204\fprq1 @MS Gothic Cyr;}{\f2069\fbidi \fmodern\fcharset161\fprq1 @MS Gothic Greek;}
{\f2070\fbidi \fmodern\fcharset162\fprq1 @MS Gothic Tur;}{\f2073\fbidi \fmodern\fcharset186\fprq1 @MS Gothic Baltic;}{\f2078\fbidi \fswiss\fcharset0\fprq2 MS PGothic Western;}{\f2076\fbidi \fswiss\fcharset238\fprq2 MS PGothic CE;}
{\f2077\fbidi \fswiss\fcharset204\fprq2 MS PGothic Cyr;}{\f2079\fbidi \fswiss\fcharset161\fprq2 MS PGothic Greek;}{\f2080\fbidi \fswiss\fcharset162\fprq2 MS PGothic Tur;}{\f2083\fbidi \fswiss\fcharset186\fprq2 MS PGothic Baltic;}
{\f2088\fbidi \fswiss\fcharset0\fprq2 @MS PGothic Western;}{\f2086\fbidi \fswiss\fcharset238\fprq2 @MS PGothic CE;}{\f2087\fbidi \fswiss\fcharset204\fprq2 @MS PGothic Cyr;}{\f2089\fbidi \fswiss\fcharset161\fprq2 @MS PGothic Greek;}
{\f2090\fbidi \fswiss\fcharset162\fprq2 @MS PGothic Tur;}{\f2093\fbidi \fswiss\fcharset186\fprq2 @MS PGothic Baltic;}{\f2098\fbidi \fswiss\fcharset0\fprq2 MS UI Gothic Western;}{\f2096\fbidi \fswiss\fcharset238\fprq2 MS UI Gothic CE;}
{\f2097\fbidi \fswiss\fcharset204\fprq2 MS UI Gothic Cyr;}{\f2099\fbidi \fswiss\fcharset161\fprq2 MS UI Gothic Greek;}{\f2100\fbidi \fswiss\fcharset162\fprq2 MS UI Gothic Tur;}{\f2103\fbidi \fswiss\fcharset186\fprq2 MS UI Gothic Baltic;}
{\f2108\fbidi \fswiss\fcharset0\fprq2 @MS UI Gothic Western;}{\f2106\fbidi \fswiss\fcharset238\fprq2 @MS UI Gothic CE;}{\f2107\fbidi \fswiss\fcharset204\fprq2 @MS UI Gothic Cyr;}{\f2109\fbidi \fswiss\fcharset161\fprq2 @MS UI Gothic Greek;}
{\f2110\fbidi \fswiss\fcharset162\fprq2 @MS UI Gothic Tur;}{\f2113\fbidi \fswiss\fcharset186\fprq2 @MS UI Gothic Baltic;}{\f2118\fbidi \fswiss\fcharset0\fprq2 @Gulim Western;}{\f2116\fbidi \fswiss\fcharset238\fprq2 @Gulim CE;}
{\f2117\fbidi \fswiss\fcharset204\fprq2 @Gulim Cyr;}{\f2119\fbidi \fswiss\fcharset161\fprq2 @Gulim Greek;}{\f2120\fbidi \fswiss\fcharset162\fprq2 @Gulim Tur;}{\f2123\fbidi \fswiss\fcharset186\fprq2 @Gulim Baltic;}
{\f2128\fbidi \fmodern\fcharset0\fprq1 GulimChe Western;}{\f2126\fbidi \fmodern\fcharset238\fprq1 GulimChe CE;}{\f2127\fbidi \fmodern\fcharset204\fprq1 GulimChe Cyr;}{\f2129\fbidi \fmodern\fcharset161\fprq1 GulimChe Greek;}
{\f2130\fbidi \fmodern\fcharset162\fprq1 GulimChe Tur;}{\f2133\fbidi \fmodern\fcharset186\fprq1 GulimChe Baltic;}{\f2138\fbidi \fmodern\fcharset0\fprq1 @GulimChe Western;}{\f2136\fbidi \fmodern\fcharset238\fprq1 @GulimChe CE;}
{\f2137\fbidi \fmodern\fcharset204\fprq1 @GulimChe Cyr;}{\f2139\fbidi \fmodern\fcharset161\fprq1 @GulimChe Greek;}{\f2140\fbidi \fmodern\fcharset162\fprq1 @GulimChe Tur;}{\f2143\fbidi \fmodern\fcharset186\fprq1 @GulimChe Baltic;}
{\f2148\fbidi \fswiss\fcharset0\fprq2 @Dotum Western;}{\f2146\fbidi \fswiss\fcharset238\fprq2 @Dotum CE;}{\f2147\fbidi \fswiss\fcharset204\fprq2 @Dotum Cyr;}{\f2149\fbidi \fswiss\fcharset161\fprq2 @Dotum Greek;}
{\f2150\fbidi \fswiss\fcharset162\fprq2 @Dotum Tur;}{\f2153\fbidi \fswiss\fcharset186\fprq2 @Dotum Baltic;}{\f2158\fbidi \fmodern\fcharset0\fprq1 DotumChe Western;}{\f2156\fbidi \fmodern\fcharset238\fprq1 DotumChe CE;}
{\f2157\fbidi \fmodern\fcharset204\fprq1 DotumChe Cyr;}{\f2159\fbidi \fmodern\fcharset161\fprq1 DotumChe Greek;}{\f2160\fbidi \fmodern\fcharset162\fprq1 DotumChe Tur;}{\f2163\fbidi \fmodern\fcharset186\fprq1 DotumChe Baltic;}
{\f2168\fbidi \fmodern\fcharset0\fprq1 @DotumChe Western;}{\f2166\fbidi \fmodern\fcharset238\fprq1 @DotumChe CE;}{\f2167\fbidi \fmodern\fcharset204\fprq1 @DotumChe Cyr;}{\f2169\fbidi \fmodern\fcharset161\fprq1 @DotumChe Greek;}
{\f2170\fbidi \fmodern\fcharset162\fprq1 @DotumChe Tur;}{\f2173\fbidi \fmodern\fcharset186\fprq1 @DotumChe Baltic;}{\f2178\fbidi \froman\fcharset0\fprq2 @Batang Western;}{\f2176\fbidi \froman\fcharset238\fprq2 @Batang CE;}
{\f2177\fbidi \froman\fcharset204\fprq2 @Batang Cyr;}{\f2179\fbidi \froman\fcharset161\fprq2 @Batang Greek;}{\f2180\fbidi \froman\fcharset162\fprq2 @Batang Tur;}{\f2183\fbidi \froman\fcharset186\fprq2 @Batang Baltic;}
{\f2188\fbidi \fmodern\fcharset0\fprq1 BatangChe Western;}{\f2186\fbidi \fmodern\fcharset238\fprq1 BatangChe CE;}{\f2187\fbidi \fmodern\fcharset204\fprq1 BatangChe Cyr;}{\f2189\fbidi \fmodern\fcharset161\fprq1 BatangChe Greek;}
{\f2190\fbidi \fmodern\fcharset162\fprq1 BatangChe Tur;}{\f2193\fbidi \fmodern\fcharset186\fprq1 BatangChe Baltic;}{\f2198\fbidi \fmodern\fcharset0\fprq1 @BatangChe Western;}{\f2196\fbidi \fmodern\fcharset238\fprq1 @BatangChe CE;}
{\f2197\fbidi \fmodern\fcharset204\fprq1 @BatangChe Cyr;}{\f2199\fbidi \fmodern\fcharset161\fprq1 @BatangChe Greek;}{\f2200\fbidi \fmodern\fcharset162\fprq1 @BatangChe Tur;}{\f2203\fbidi \fmodern\fcharset186\fprq1 @BatangChe Baltic;}
{\f2208\fbidi \froman\fcharset0\fprq2 Gungsuh Western;}{\f2206\fbidi \froman\fcharset238\fprq2 Gungsuh CE;}{\f2207\fbidi \froman\fcharset204\fprq2 Gungsuh Cyr;}{\f2209\fbidi \froman\fcharset161\fprq2 Gungsuh Greek;}
{\f2210\fbidi \froman\fcharset162\fprq2 Gungsuh Tur;}{\f2213\fbidi \froman\fcharset186\fprq2 Gungsuh Baltic;}{\f2218\fbidi \froman\fcharset0\fprq2 @Gungsuh Western;}{\f2216\fbidi \froman\fcharset238\fprq2 @Gungsuh CE;}
{\f2217\fbidi \froman\fcharset204\fprq2 @Gungsuh Cyr;}{\f2219\fbidi \froman\fcharset161\fprq2 @Gungsuh Greek;}{\f2220\fbidi \froman\fcharset162\fprq2 @Gungsuh Tur;}{\f2223\fbidi \froman\fcharset186\fprq2 @Gungsuh Baltic;}
{\f2228\fbidi \fmodern\fcharset0\fprq1 GungsuhChe Western;}{\f2226\fbidi \fmodern\fcharset238\fprq1 GungsuhChe CE;}{\f2227\fbidi \fmodern\fcharset204\fprq1 GungsuhChe Cyr;}{\f2229\fbidi \fmodern\fcharset161\fprq1 GungsuhChe Greek;}
{\f2230\fbidi \fmodern\fcharset162\fprq1 GungsuhChe Tur;}{\f2233\fbidi \fmodern\fcharset186\fprq1 GungsuhChe Baltic;}{\f2238\fbidi \fmodern\fcharset0\fprq1 @GungsuhChe Western;}{\f2236\fbidi \fmodern\fcharset238\fprq1 @GungsuhChe CE;}
{\f2237\fbidi \fmodern\fcharset204\fprq1 @GungsuhChe Cyr;}{\f2239\fbidi \fmodern\fcharset161\fprq1 @GungsuhChe Greek;}{\f2240\fbidi \fmodern\fcharset162\fprq1 @GungsuhChe Tur;}{\f2243\fbidi \fmodern\fcharset186\fprq1 @GungsuhChe Baltic;}
{\f2248\fbidi \fnil\fcharset0\fprq2 @SimSun Western;}{\f2258\fbidi \fmodern\fcharset0\fprq1 NSimSun Western;}{\f2268\fbidi \fmodern\fcharset0\fprq1 @NSimSun Western;}{\f2278\fbidi \fmodern\fcharset0\fprq1 @SimHei Western;}
{\f2288\fbidi \fmodern\fcharset0\fprq1 @MingLiU Western;}{\f2298\fbidi \froman\fcharset0\fprq2 @PMingLiU Western;}{\f2385\fbidi \fswiss\fcharset222\fprq2 DokChampa (Thai);}{\f2458\fbidi \fswiss\fcharset0\fprq2 Malgun Gothic Western;}
{\f2468\fbidi \fswiss\fcharset0\fprq2 @Malgun Gothic Western;}{\f2478\fbidi \fswiss\fcharset0\fprq2 Meiryo Western;}{\f2476\fbidi \fswiss\fcharset238\fprq2 Meiryo CE;}{\f2477\fbidi \fswiss\fcharset204\fprq2 Meiryo Cyr;}
{\f2479\fbidi \fswiss\fcharset161\fprq2 Meiryo Greek;}{\f2480\fbidi \fswiss\fcharset162\fprq2 Meiryo Tur;}{\f2483\fbidi \fswiss\fcharset186\fprq2 Meiryo Baltic;}{\f2488\fbidi \fswiss\fcharset0\fprq2 @Meiryo Western;}
{\f2486\fbidi \fswiss\fcharset238\fprq2 @Meiryo CE;}{\f2487\fbidi \fswiss\fcharset204\fprq2 @Meiryo Cyr;}{\f2489\fbidi \fswiss\fcharset161\fprq2 @Meiryo Greek;}{\f2490\fbidi \fswiss\fcharset162\fprq2 @Meiryo Tur;}
{\f2493\fbidi \fswiss\fcharset186\fprq2 @Meiryo Baltic;}{\f2498\fbidi \fswiss\fcharset0\fprq2 Meiryo UI Western;}{\f2496\fbidi \fswiss\fcharset238\fprq2 Meiryo UI CE;}{\f2497\fbidi \fswiss\fcharset204\fprq2 Meiryo UI Cyr;}
{\f2499\fbidi \fswiss\fcharset161\fprq2 Meiryo UI Greek;}{\f2500\fbidi \fswiss\fcharset162\fprq2 Meiryo UI Tur;}{\f2503\fbidi \fswiss\fcharset186\fprq2 Meiryo UI Baltic;}{\f2508\fbidi \fswiss\fcharset0\fprq2 @Meiryo UI Western;}
{\f2506\fbidi \fswiss\fcharset238\fprq2 @Meiryo UI CE;}{\f2507\fbidi \fswiss\fcharset204\fprq2 @Meiryo UI Cyr;}{\f2509\fbidi \fswiss\fcharset161\fprq2 @Meiryo UI Greek;}{\f2510\fbidi \fswiss\fcharset162\fprq2 @Meiryo UI Tur;}
{\f2513\fbidi \fswiss\fcharset186\fprq2 @Meiryo UI Baltic;}{\f2528\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei Western;}{\f2529\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei Greek;}
{\f2538\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei Western;}{\f2539\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei Greek;}{\f2548\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei Western;}
{\f2546\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei CE;}{\f2547\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei Cyr;}{\f2549\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei Greek;}{\f2550\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei Tur;}
{\f2558\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei Western;}{\f2556\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei CE;}{\f2557\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei Cyr;}{\f2559\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei Greek;}
{\f2560\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei Tur;}{\f2568\fbidi \froman\fcharset0\fprq2 MingLiU_HKSCS Western;}{\f2578\fbidi \froman\fcharset0\fprq2 @MingLiU_HKSCS Western;}{\f2588\fbidi \froman\fcharset0\fprq2 MingLiU-ExtB Western;}
{\f2598\fbidi \froman\fcharset0\fprq2 @MingLiU-ExtB Western;}{\f2608\fbidi \froman\fcharset0\fprq2 PMingLiU-ExtB Western;}{\f2618\fbidi \froman\fcharset0\fprq2 @PMingLiU-ExtB Western;}{\f2628\fbidi \froman\fcharset0\fprq2 MingLiU_HKSCS-ExtB Western;}
{\f2638\fbidi \froman\fcharset0\fprq2 @MingLiU_HKSCS-ExtB Western;}{\f2666\fbidi \fnil\fcharset238\fprq2 Nyala CE;}{\f2670\fbidi \fnil\fcharset162\fprq2 Nyala Tur;}{\f2673\fbidi \fnil\fcharset186\fprq2 Nyala Baltic;}
{\f2696\fbidi \fswiss\fcharset238\fprq2 Segoe Script CE;}{\f2697\fbidi \fswiss\fcharset204\fprq2 Segoe Script Cyr;}{\f2699\fbidi \fswiss\fcharset161\fprq2 Segoe Script Greek;}{\f2700\fbidi \fswiss\fcharset162\fprq2 Segoe Script Tur;}
{\f2703\fbidi \fswiss\fcharset186\fprq2 Segoe Script Baltic;}{\f2706\fbidi \fswiss\fcharset238\fprq2 Segoe UI Semibold CE;}{\f2707\fbidi \fswiss\fcharset204\fprq2 Segoe UI Semibold Cyr;}{\f2709\fbidi \fswiss\fcharset161\fprq2 Segoe UI Semibold Greek;}
{\f2710\fbidi \fswiss\fcharset162\fprq2 Segoe UI Semibold Tur;}{\f2713\fbidi \fswiss\fcharset186\fprq2 Segoe UI Semibold Baltic;}{\f2714\fbidi \fswiss\fcharset163\fprq2 Segoe UI Semibold (Vietnamese);}
{\f2716\fbidi \fswiss\fcharset238\fprq2 Segoe UI Light CE;}{\f2717\fbidi \fswiss\fcharset204\fprq2 Segoe UI Light Cyr;}{\f2719\fbidi \fswiss\fcharset161\fprq2 Segoe UI Light Greek;}{\f2720\fbidi \fswiss\fcharset162\fprq2 Segoe UI Light Tur;}
{\f2723\fbidi \fswiss\fcharset186\fprq2 Segoe UI Light Baltic;}{\f2724\fbidi \fswiss\fcharset163\fprq2 Segoe UI Light (Vietnamese);}{\f2738\fbidi \fmodern\fcharset0\fprq1 SimSun-ExtB Western;}{\f2748\fbidi \fmodern\fcharset0\fprq1 @SimSun-ExtB Western;}
{\f2796\fbidi \fnil\fcharset238\fprq2 Ebrima CE;}{\f2800\fbidi \fnil\fcharset162\fprq2 Ebrima Tur;}{\f2803\fbidi \fnil\fcharset186\fprq2 Ebrima Baltic;}{\f2811\fbidi \fswiss\fcharset177\fprq2 Gisha (Hebrew);}
{\f2862\fbidi \froman\fcharset178\fprq2 Andalus (Arabic);}{\f2866\fbidi \fscript\fcharset238\fprq2 Arabic Typesetting CE;}{\f2870\fbidi \fscript\fcharset162\fprq2 Arabic Typesetting Tur;}
{\f2872\fbidi \fscript\fcharset178\fprq2 Arabic Typesetting (Arabic);}{\f2873\fbidi \fscript\fcharset186\fprq2 Arabic Typesetting Baltic;}{\f2882\fbidi \froman\fcharset178\fprq2 Simplified Arabic (Arabic);}
{\f2892\fbidi \fmodern\fcharset178\fprq1 Simplified Arabic Fixed (Arabic);}{\f2896\fbidi \fnil\fcharset238\fprq2 Sakkal Majalla CE;}{\f2900\fbidi \fnil\fcharset162\fprq2 Sakkal Majalla Tur;}{\f2902\fbidi \fnil\fcharset178\fprq2 Sakkal Majalla (Arabic);}
{\f2903\fbidi \fnil\fcharset186\fprq2 Sakkal Majalla Baltic;}{\f2912\fbidi \froman\fcharset178\fprq2 Traditional Arabic (Arabic);}{\f2998\fbidi \fmodern\fcharset0\fprq1 FangSong Western;}{\f3008\fbidi \fmodern\fcharset0\fprq1 @FangSong Western;}
{\f3018\fbidi \fmodern\fcharset0\fprq1 KaiTi Western;}{\f3028\fbidi \fmodern\fcharset0\fprq1 @KaiTi Western;}{\f3045\fbidi \froman\fcharset222\fprq2 AngsanaUPC (Thai);}{\f3055\fbidi \fswiss\fcharset222\fprq2 Browallia New (Thai);}
{\f3065\fbidi \fswiss\fcharset222\fprq2 BrowalliaUPC (Thai);}{\f3075\fbidi \fswiss\fcharset222\fprq2 CordiaUPC (Thai);}{\f3085\fbidi \froman\fcharset222\fprq2 DilleniaUPC (Thai);}{\f3095\fbidi \froman\fcharset222\fprq2 EucrosiaUPC (Thai);}
{\f3105\fbidi \fswiss\fcharset222\fprq2 FreesiaUPC (Thai);}{\f3115\fbidi \fswiss\fcharset222\fprq2 IrisUPC (Thai);}{\f3125\fbidi \froman\fcharset222\fprq2 JasmineUPC (Thai);}{\f3135\fbidi \froman\fcharset222\fprq2 KodchiangUPC (Thai);}
{\f3145\fbidi \fswiss\fcharset222\fprq2 LilyUPC (Thai);}{\f3148\fbidi \fscript\fcharset0\fprq1 DFKai-SB Western;}{\f3158\fbidi \fscript\fcharset0\fprq1 @DFKai-SB Western;}{\f3166\fbidi \fswiss\fcharset238\fprq2 Candara CE;}
{\f3167\fbidi \fswiss\fcharset204\fprq2 Candara Cyr;}{\f3169\fbidi \fswiss\fcharset161\fprq2 Candara Greek;}{\f3170\fbidi \fswiss\fcharset162\fprq2 Candara Tur;}{\f3173\fbidi \fswiss\fcharset186\fprq2 Candara Baltic;}
{\f3174\fbidi \fswiss\fcharset163\fprq2 Candara (Vietnamese);}{\f3176\fbidi \fmodern\fcharset238\fprq1 Consolas CE;}{\f3177\fbidi \fmodern\fcharset204\fprq1 Consolas Cyr;}{\f3179\fbidi \fmodern\fcharset161\fprq1 Consolas Greek;}
{\f3180\fbidi \fmodern\fcharset162\fprq1 Consolas Tur;}{\f3183\fbidi \fmodern\fcharset186\fprq1 Consolas Baltic;}{\f3184\fbidi \fmodern\fcharset163\fprq1 Consolas (Vietnamese);}{\f3186\fbidi \froman\fcharset238\fprq2 Constantia CE;}
{\f3187\fbidi \froman\fcharset204\fprq2 Constantia Cyr;}{\f3189\fbidi \froman\fcharset161\fprq2 Constantia Greek;}{\f3190\fbidi \froman\fcharset162\fprq2 Constantia Tur;}{\f3193\fbidi \froman\fcharset186\fprq2 Constantia Baltic;}
{\f3194\fbidi \froman\fcharset163\fprq2 Constantia (Vietnamese);}{\f3196\fbidi \fswiss\fcharset238\fprq2 Corbel CE;}{\f3197\fbidi \fswiss\fcharset204\fprq2 Corbel Cyr;}{\f3199\fbidi \fswiss\fcharset161\fprq2 Corbel Greek;}
{\f3200\fbidi \fswiss\fcharset162\fprq2 Corbel Tur;}{\f3203\fbidi \fswiss\fcharset186\fprq2 Corbel Baltic;}{\f3204\fbidi \fswiss\fcharset163\fprq2 Corbel (Vietnamese);}{\f3206\fbidi \fdecor\fcharset238\fprq2 Gabriola CE;}
{\f3207\fbidi \fdecor\fcharset204\fprq2 Gabriola Cyr;}{\f3209\fbidi \fdecor\fcharset161\fprq2 Gabriola Greek;}{\f3210\fbidi \fdecor\fcharset162\fprq2 Gabriola Tur;}{\f3213\fbidi \fdecor\fcharset186\fprq2 Gabriola Baltic;}
{\f3216\fbidi \fnil\fcharset238\fprq2 Segoe Print CE;}{\f3217\fbidi \fnil\fcharset204\fprq2 Segoe Print Cyr;}{\f3219\fbidi \fnil\fcharset161\fprq2 Segoe Print Greek;}{\f3220\fbidi \fnil\fcharset162\fprq2 Segoe Print Tur;}
{\f3223\fbidi \fnil\fcharset186\fprq2 Segoe Print Baltic;}{\f3228\fbidi \fswiss\fcharset0\fprq2 @Arial Unicode MS Western;}{\f3226\fbidi \fswiss\fcharset238\fprq2 @Arial Unicode MS CE;}{\f3227\fbidi \fswiss\fcharset204\fprq2 @Arial Unicode MS Cyr;}
{\f3229\fbidi \fswiss\fcharset161\fprq2 @Arial Unicode MS Greek;}{\f3230\fbidi \fswiss\fcharset162\fprq2 @Arial Unicode MS Tur;}{\f3231\fbidi \fswiss\fcharset177\fprq2 @Arial Unicode MS (Hebrew);}
{\f3232\fbidi \fswiss\fcharset178\fprq2 @Arial Unicode MS (Arabic);}{\f3233\fbidi \fswiss\fcharset186\fprq2 @Arial Unicode MS Baltic;}{\f3234\fbidi \fswiss\fcharset163\fprq2 @Arial Unicode MS (Vietnamese);}
{\f3235\fbidi \fswiss\fcharset222\fprq2 @Arial Unicode MS (Thai);}{\f3255\fbidi \fswiss\fcharset222\fprq2 Leelawadee (Thai);}{\f3258\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei UI Western;}
{\f3259\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei UI Greek;}{\f3268\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei UI Western;}{\f3269\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei UI Greek;}
{\f3282\fbidi \fnil\fcharset178\fprq2 Microsoft Uighur (Arabic);}{\f3288\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei UI Western;}{\f3286\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei UI CE;}
{\f3287\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei UI Cyr;}{\f3289\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei UI Greek;}{\f3290\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei UI Tur;}
{\f3298\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei UI Western;}{\f3296\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei UI CE;}{\f3297\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei UI Cyr;}
{\f3299\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei UI Greek;}{\f3300\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei UI Tur;}{\f3306\fbidi \fswiss\fcharset238\fprq2 Segoe UI Semilight CE;}
{\f3307\fbidi \fswiss\fcharset204\fprq2 Segoe UI Semilight Cyr;}{\f3309\fbidi \fswiss\fcharset161\fprq2 Segoe UI Semilight Greek;}{\f3310\fbidi \fswiss\fcharset162\fprq2 Segoe UI Semilight Tur;}
{\f3311\fbidi \fswiss\fcharset177\fprq2 Segoe UI Semilight (Hebrew);}{\f3312\fbidi \fswiss\fcharset178\fprq2 Segoe UI Semilight (Arabic);}{\f3313\fbidi \fswiss\fcharset186\fprq2 Segoe UI Semilight Baltic;}
{\f3314\fbidi \fswiss\fcharset163\fprq2 Segoe UI Semilight (Vietnamese);}{\f3326\fbidi \fswiss\fcharset238\fprq2 MS Reference Sans Serif CE;}{\f3327\fbidi \fswiss\fcharset204\fprq2 MS Reference Sans Serif Cyr;}
{\f3329\fbidi \fswiss\fcharset161\fprq2 MS Reference Sans Serif Greek;}{\f3330\fbidi \fswiss\fcharset162\fprq2 MS Reference Sans Serif Tur;}{\f3333\fbidi \fswiss\fcharset186\fprq2 MS Reference Sans Serif Baltic;}
{\f3334\fbidi \fswiss\fcharset163\fprq2 MS Reference Sans Serif (Vietnamese);}{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}
{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}{\fhimajor\f31531\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\fhimajor\f31532\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}
{\fhimajor\f31535\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\fhimajor\f31536\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}
{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}
{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;
\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;\red255\green255\blue255;}{\*\defchp \fs22 }
{\*\defpap \ql \li0\ri0\sa160\sl259\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 }\noqfpromote {\stylesheet{\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext0 \sqformat \spriority0 Normal;}{\s1\qj \li0\ri0\sb240\sa60\keepn\widctlpar\wrapdefault\nooverflow\faroman\outlinelevel0\rin0\lin0\itap0 \rtlch\fcs1 \ab\af31503\afs32\alang1025 
\ltrch\fcs0 \b\fs32\lang3081\langfe1033\kerning32\loch\f31502\hich\af31502\dbch\af31501\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext0 \slink133 \sqformat \spriority9 heading 1;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblind0\tblindtype3\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs22\alang1025 \ltrch\fcs0 \fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext11 \ssemihidden \sunhideused Normal Table;}{
\s15\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext15 A Bill For;}{
\s16\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\cf13\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext16 AlternativeOR;}{
\s17\qj \fi-720\li3110\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3110\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon110 \snext17 Penalty Sub Para;}{\*\cs18 
\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeEnd;}{\*\cs19 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeStart;}{\s20\qc \li0\ri0\sb240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 
\rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext20 AmendGroup;}{\s21\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af42\afs24\alang1025 \ltrch\fcs0 \b\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext21 Amendments;}{\s22\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 
\ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext22 Annexure;}{\*\cs23 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf6 \sbasedon10 Appropriation;}{
\s24\qj \li0\ri0\keep\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext24 Be It Enacted;}{\*\cs25 \additive \rtlch\fcs1 
\ai\af0 \ltrch\fcs0 \i \sbasedon10 Bill Position;}{\s26\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs20\alang1025 \ltrch\fcs0 \f42\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext26 
Bill Signature;}{\s27\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext27 Brought In By;}{
\s28\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext28 Chapter First;}{\*\cs29 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Chapter No;}{\s30\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 
\b\caps\f42\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon28 \snext30 Chapter Rest;}{\s31\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext31 Charge;}{\s32\qj \li1800\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1800\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext32 Charge Para;}{\s33\qj \li0\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext33 Clause Headnote;}{\*\cs34 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Clause No;}{\s35\qj \fi-1843\li1843\ri0\sa120\widctlpar
\tx576\wrapdefault\nooverflow\faroman\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\cf11\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext35 Client Note;}{\s36\qj \li0\ri0\widctlpar\brdrt
\brdrs\brdrw15\brsp20 \wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs18\alang1025 \ltrch\fcs0 \b\caps\f42\fs18\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext36 Cognate;}{
\s37\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext37 Crest;}{\*\cs38 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf3 \sbasedon10 Date1;}{\s39\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext39 Deed;}{\s40\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon56 \snext40 Deed Graphic;}
{\*\cs41 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Deed No;}{\s42\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext42 Definition Paragraph;}{\s43\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon42 \snext43 Definition Sub Paragraph;}{\s44\qj \fi-731\li3611\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3611\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext44 Definition Sub Sub Paragraph;}{\*\cs45 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf11 \sbasedon10 Definition Term;}{
\s46\qj \fi-734\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext46 Definition Text;}{
\s47\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext47 Division;}{\*\cs48 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Division No;}{\s49\qj \li-1701\ri0\widctlpar\tqr\tx8789\wrapdefault\nooverflow\faroman\rin0\lin-1701\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext49 \slink50 footer;}{\*\cs50 \additive \rtlch\fcs1 \af42\afs26 \ltrch\fcs0 \f42\fs26\lang3081\langfe0\langnp3081 \sbasedon10 \slink49 \slocked \ssemihidden Footer Char;}{\*\cs51 
\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf12 \sbasedon10 Foreign;}{\s52\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 
\b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext52 Form;}{\s53\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon56 \snext53 Form Graphic;}{\*\cs54 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Form No;}{
\s55\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext55 Formula;}{
\s56\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext56 Graphic;}{
\s57\qj \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext57 Graphic Description;}{
\s58\qj \li0\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext58 Head Note;}{
\s59\qj \li0\ri0\widctlpar\tqc\tx4153\tqr\tx8306\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext59 \slink60 header;}{\*\cs60 
\additive \rtlch\fcs1 \af42\afs26 \ltrch\fcs0 \f42\fs26\lang3081\langfe0\langnp3081 \sbasedon10 \slink59 \slocked \ssemihidden Header Char;}{\s61\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext61 Image;}{\s62\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext62 Image Description;}{\*\cs63 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Image No;}{\*\cs64 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf0 \sbasedon10 Image Type;}{\*
\cs65 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Item No;}{\s66\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext66 Long Title;}{\s67\qj \li0\ri0\sa240\widctlpar
\tx144\tx288\tx432\tx576\tx720\tx864\tx1008\tx1152\tx1296\tx1440\tx1584\tx1728\tx1872\tx2016\tx2160\tx2304\tx2448\tx2592\tx2736\tx2880\tx3024\tx3168\tx3312\tx3456\tx3600\tx3744\tx3888\tx4032\tx4176\tx4320\tx4464\tx4608\tx4752\tx4896\tx5040
\tx5184\tx5328\tx5472\tx5616\tx5760\tx5904\tx6048\tx6192\tx6336\tx6480\tx6624\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext67 
Oath;}{\s68\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext68 Order;}{\*\cs69 \additive \rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\caps \sbasedon10 Order No;}{\s70\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs20\alang1025 \ltrch\fcs0 \f42\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext70 
Originating;}{\s71\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext71 Out Def;}{
\s72\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext72 Out Def Para;}{
\s73\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext73 Out Def Sub Para;}{
\s74\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext74 Out Def Sub Sub Para;}{
\s75\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext75 Out Para;}{
\s76\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext76 Out Section;}{
\s77\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext77 Out Sub Para;}{
\s78\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext78 Out Sub Section;}{
\s79\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext79 Out Sub Sub Para;}{\*\cs80 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 page number;}{\s81\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext81 Paragraph;}{\*\cs82 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Paragraph No;}{\s83\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext83 Part First;}{\*\cs84 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Part No;}{
\s85\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon83 \snext85 Part Rest;}{
\s86\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon83 \snext86 Part Schedule;}{
\s87\qj \fi-1083\li1797\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1797\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext87 Penalty;}{
\s88\qj \fi-576\li2376\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2376\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext88 Penalty Para;}{
\s89\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext89 Preamble Text;}{
\s90\qj \fi-1987\li1987\ri0\sa120\widctlpar\tx576\wrapdefault\nooverflow\faroman\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext90 Private Note;}
{\s91\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext91 Qualifying Text;}{\*\cs92 
\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefAct;}{\*\cs93 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefCase;}{\*\cs94 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 RefDefTerm;}{\*\cs95 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefExternal;}{\*\cs96 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefInternal;}{\*\cs97 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefStandard;}{\*\cs98 \additive \rtlch\fcs1 
\ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefStatutory;}{\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext99 Schedule;}{\*\cs100 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Schedule No;}{
\s101\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext101 Schedule SectRef;}{\*\cs102 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Section No;}{\*\cs103 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 Short Title;}{\s104\qc \li0\ri0\sa480\sl-360\slmult0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext104 Short Title Heading;}{\s105\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext105 Short Title No;}{\s106\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext106 State;}{\*\cs107 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf12 \sbasedon10 StatOffice;}{\*\cs108 \additive \rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\cf9 \sbasedon10 Sub Clause No;}{\s109\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext109 Sub Division;}{\s110\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext110 Sub Paragraph;}{\*\cs111 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Sub Paragraph No;}{\s112\qj \fi720\li0\ri0\sa240\widctlpar\tx1170\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext112 Sub Section;}{\*\cs113 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Sub Section No;}{
\s114\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext114 Sub Sub Paragraph;}{\*\cs115 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf9 \sbasedon10 Sub Sub Paragraph No;}{\*\cs116 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Subdivision No;}{\*\cs117 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \super \sbasedon10 Super;}{\*\cs118 
\additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b \sbasedon10 Table Bold;}{\*\cs119 \additive \rtlch\fcs1 \ab\ai\af0 \ltrch\fcs0 \b\i \sbasedon10 Table Bold Italic;}{\s120\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext120 Table Content;}{\*\cs121 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i \sbasedon10 Table Italic;}{\*\cs122 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf9 \sbasedon10 Table Item No;}{\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext123 
Table Title;}{\s124\qj \li0\ri0\sb240\keepn\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext124 \sautoupd \ssemihidden toc 1;}{\s125\qj \fi-720\li2534\ri-45\sb120\keepn\widctlpar\tx720\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin2534\itap0 \rtlch\fcs1 \ab\ai\af42\afs24\alang1025 \ltrch\fcs0 
\b\i\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext125 \sautoupd \ssemihidden toc 2;}{\s126\qj \fi-720\li720\ri-43\sb120\widctlpar\tx1080\tx1440\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-43\lin720\itap0 \rtlch\fcs1 
\af42\afs24\alang1025 \ltrch\fcs0 \f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext126 \sautoupd \ssemihidden toc 3;}{\s127\qj \fi-720\li1559\ri-45\sb120\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin1559\itap0 
\rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext127 \sautoupd \ssemihidden toc 4;}{\s128\qj \fi-720\li1967\ri0\sb120\widctlpar
\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext128 \sautoupd \ssemihidden toc 5;}{
\s129\qj \li907\ri-29\widctlpar\tqr\tx6660\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-29\lin907\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext129 \sautoupd \ssemihidden 
toc 6;}{\s130\qj \fi-720\li1627\ri-29\widctlpar\tx1987\tx3067\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-29\lin1627\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext130 \sautoupd \ssemihidden toc 7;}{\s131\qj \fi-720\li1080\ri0\sb120\widctlpar\tx1080\tx1440\tx1800\tx2160\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1080\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 
\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext131 \sautoupd \ssemihidden toc 8;}{\s132\qj \li2080\ri0\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin2080\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 
\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext132 \sautoupd \ssemihidden toc 9;}{\*\cs133 \additive \rtlch\fcs1 \ab\af31503\afs32 \ltrch\fcs0 
\b\fs32\lang3081\langfe0\kerning32\loch\f31502\hich\af31502\dbch\af31501\langnp3081 \sbasedon10 \slink1 \slocked \spriority9 Heading 1 Char;}{\s134\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext134 \sqformat TOC Heading;}{\*\cs135 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActNumber;}{\*\cs136 \additive 
\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActYear;}{\s137\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext137 zAssentDate;}{\s138\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext138 
zBillNumber;}{\s139\qj \li0\ri0\widctlpar\pvpara\posy1440\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af42\afs20\alang1025 \ltrch\fcs0 \i\f42\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext139 zSecondReading;}{\s140\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext140 AdminDep;}{
\s141\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext141 CertifyLaw Text;}{
\s142\qc \li0\ri0\sb120\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext142 Conditions;}{
\s143\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext143 ConfirmGov;}{
\s144\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext144 Execution Text;}{
\s145\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext145 Explain Heading;}{
\s146\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon91 \snext146 Explain Note;}{
\s147\qc \li0\ri0\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext147 Explain Note Note;}{
\s148\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext148 GazetteDate;}{
\s149\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext149 GenConditions;}{
\s150\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext150 GovernorSig Text;}{
\s151\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext151 MinisterSig Text;}{
\s152\qj \li0\ri0\sa240\keep\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext152 Opening Words;}{
\s153\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext153 Seal;}{
\s154\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext154 SR Date;}{
\s155\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext155 SR Position;}{
\s156\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext156 SR Printed;}{
\s157\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext157 SR Signature;}{\*\cs158 \additive 
\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i \sbasedon10 Tariff;}{\s159\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext159 Tariff Group;}{\s160\qj \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 
\b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext160 Tariff Heading;}{\*\cs161 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\caps\cf9 \sbasedon10 Tariff No;}{
\s162\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext162 TariffList Heading;}{
\s163\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext163 TariffList Text;}{
\s164\qj \fi-1080\li2520\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext164 Amd Charge;}{
\s165\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext165 Amd Division;}{
\s166\qj \li720\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext166 Amd Head Note;}{\*\cs167 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf5 \sbasedon10 Amd Number;}{\*\cs168 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf5 \sbasedon10 Amd Number Bold;}{\*\cs169 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf5 \sbasedon10 Amd Number Cap;}{
\s170\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext170 Amd Part;}{
\s171\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext171 Amd Penalty;}{
\s172\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext172 Amd Schedule;}{
\s173\qj \li3240\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3240\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext173 Amd1 Charge;}{
\s174\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon47 \snext174 Amd1 Division;}{
\s175\qj \li1440\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon166 \snext175 Amd1 Head Note;}{
\s176\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext176 Amd1 Part;}{
\s177\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext177 Amd1 Penalty;}{
\s178\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon172 \snext178 Amd1 Schedule;}{
\s179\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext179 Indent 0.5;}{
\s180\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon179 \snext180 Indent 1.0;}{
\s181\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon180 \snext181 Indent 1.5;}{
\s182\qj \fi720\li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext182 Indent 1st 0.5;}{
\s183\qj \fi720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon182 \snext183 Indent 1st 1.0;}{
\s184\qj \fi720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon183 \snext184 Indent 1st 1.5;}{
\s185\qj \fi720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon184 \snext185 Indent 1st 2.0;}{
\s186\qj \fi720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon185 \snext186 Indent 1st 2.5;}{
\s187\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon181 \snext187 Indent 2.0;}{
\s188\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon187 \snext188 Indent 2.5;}{
\s189\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext189 Indent Hng 0.5;}{
\s190\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext190 Indent Hng 1.0;}{
\s191\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon190 \snext191 Indent Hng 1.5;}{
\s192\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon191 \snext192 Indent Hng 2.0;}{
\s193\qj \fi-720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon192 \snext193 Indent Hng 2.5;}{
\s194\qj \fi-720\li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \f42\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext194 TOC Entry;}{\*\cs195 \additive 
\rtlch\fcs1 \ab\af0\afs30 \ltrch\fcs0 \b\caps\fs30\cf15 \sbasedon10 Year;}{\s196\qj \li0\ri0\widctlpar\pvpg\posy15593\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs22\alang1025 \ltrch\fcs0 
\f42\fs22\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext196 zDocumentStamp;}{\s197\qj \li0\ri0\widctlpar\pvpg\posy720\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext197 zDraftNotice;}{
\s198\qj \li0\ri0\widctlpar\pvpg\posxc\posy14912\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs20\alang1025 \ltrch\fcs0 \f42\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext198 zGovPrintImp;}{\*\cs199 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps \sbasedon10 ShortTitleHeadEnd;}{\s200\qj \li0\ri0\widctlpar\pvpg\posy284\dxfrtext181\dfrmtxtx181\dfrmtxty181\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 
\rtlch\fcs1 \af42\afs20\alang1025 \ltrch\fcs0 \f42\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon197 \snext200 zConsolidate;}{\s201\qj \fi-1080\li2520\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext201 Para Penalty;}{\s202\qj \fi-576\li3096\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3096\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext202 Para Penalty Para;}{\s203\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext203 Para Definition Text;}{\s204\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext204 Sub Para Def Text;}{\s205\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext205 Sub Sub Para Def Text;}{\*\cs206 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \sub \sbasedon10 Sub;}{
\s207\qj \li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext207 CounterSigText;}{
\s208\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon28 \snext208 Amd Chapter;}{
\s209\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon208 \snext209 Amd1 Chapter;}{
\s210\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon109 \snext210 Amd SubDivision;}{
\s211\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon210 \snext211 Amd1 SubDivision;}{
\s212\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon39 \snext212 Amd Deed;}{
\s213\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon212 \snext213 Amd1 Deed;}{
\s214\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon52 \snext214 Amd Form;}{
\s215\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon214 \snext215 Amd1 Form;}{
\s216\qj \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon61 \snext216 Amd Image;}{
\s217\qj \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ai\af42\afs26\alang1025 \ltrch\fcs0 \i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon216 \snext217 Amd1 Image;}{
\s218\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon31 \snext218 Para Charge;}{
\s219\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext219 Amd Part Schedule;}{
\s220\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af42\afs22\alang1025 \ltrch\fcs0 \b\caps\f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon176 \snext220 Amd1 Part Schedule;}{
\s221\qc \li0\ri0\sa60\widctlpar\wrapdefault\nooverflow\faroman\outlinelevel1\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs24\alang1025 \ltrch\fcs0 \f1\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext221 \slink222 \sqformat Subtitle;}{\*
\cs222 \additive \rtlch\fcs1 \af31503\afs24 \ltrch\fcs0 \fs24\lang3081\langfe0\loch\f31502\hich\af31502\dbch\af31501\langnp3081 \sbasedon10 \slink221 \slocked \spriority11 Subtitle Char;}{
\s223\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs20\alang1025 \ltrch\fcs0 \caps\f1\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext223 zEndorsement;}{
\s224\qj \fi720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon186 \snext224 Indent 1st 3.0;}{
\s225\qj \li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon188 \snext225 Indent 3.0;}{
\s226\qj \fi-720\li5040\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin5040\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon193 \snext226 Indent Hng 3.0;}{
\s227\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af43\afs20\alang1025 \ltrch\fcs0 \f43\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext227 Graphic Text;}{\*\cs228 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 Client Note No;}{\s229\qj \li1843\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 
\b\i\f42\fs26\cf11\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext229 Client Note Text;}{\s230\qj \li1987\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 
\ltrch\fcs0 \b\i\f42\fs26\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext230 Private Note Text;}{\*\cs231 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf12 \sbasedon10 Private Note No;}{\s232\qj \fi-691\li691\ri0\sa240\widctlpar
\tx1440\wrapdefault\nooverflow\faroman\rin0\lin691\itap0 \rtlch\fcs1 \af42\afs22\alang1025 \ltrch\fcs0 \f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext232 Note Content;}{
\s233\qj \li691\ri0\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin691\itap0 \rtlch\fcs1 \af42\afs22\alang1025 \ltrch\fcs0 \f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext233 Note Out Text;}{
\s234\qj \li691\ri0\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin691\itap0 \rtlch\fcs1 \af42\afs22\alang1025 \ltrch\fcs0 \f42\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext234 Note Text;}{
\s235\qj \fi-720\li3600\ri0\sa120\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext235 Sub Sub Sub Paragraph;}{\*\cs236 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 Sub Sub Sub Paragraph No;}{\s237\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 
\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext237 Proviso;}}{\*\revtbl {Unknown;}}{\*\rsidtbl \rsid856017\rsid5507213\rsid9529396\rsid15532810\rsid16214810}{\mmathPr\mmathFont34\mbrkBin0\mbrkBinSub0\msmallFrac0\mdispDef1\mlMargin0\mrMargin0
\mdefJc1\mwrapIndent1440\mintLim0\mnaryLim1}{\info{\author InQuirion Pty. Ltd.}{\operator Melisa Thompson}{\creatim\yr2005\mo1\dy28\hr15\min25}{\revtim\yr2018\mo5\dy25\hr9\min24}{\version3}{\edmins0}{\nofpages105}{\nofwords27666}{\nofchars157697}
{\*\company RMIT}{\nofcharsws184994}{\vern57445}}{\*\xmlnstbl {\xmlns1 http://schemas.microsoft.com/office/word/2003/wordml}}\paperw11907\paperh16840\margl1205\margr1205\margt2000\margb1000\gutter0\ltrsect 
\facingp\widowctrl\ftnbj\aenddoc\trackmoves0\trackformatting1\donotembedsysfont0\relyonvml0\donotembedlingdata1\grfdocevents0\validatexml0\showplaceholdtext0\ignoremixedcontent0\saveinvalidxml0\showxmlerrors0
\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\hyphcaps0\formshade\horzdoc\dghspace120\dgvspace120\dghorigin1701\dgvorigin1984\dghshow1\dgvshow0\jexpand\viewkind1\viewscale100\pgbrdrhead\pgbrdrfoot\bdrrlswsix\nolnhtadjtbl\oldas\rsidroot16214810 
\fet0{\*\wgrffmtfilter 2450}\ilfomacatclnup0{\*\ftnsep \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 \insrsid856017 \chftnsep 
\par }}{\*\ftnsepc \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid856017 \chftnsepc 
\par }}{\*\aftnsep \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid856017 \chftnsep 
\par }}{\*\aftnsepc \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid856017 \chftnsepc 
\par }}\ltrpar \sectd \ltrsect\binfsxn2\binsxn2\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3
\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}
{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \ltrpar
\s105\qc \li0\ri0\sb5000\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\cs135\b0\fs24\cf0\insrsid9529396 No. 62}{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 \b0\fs24\cf0\insrsid9529396  of }{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 \cs136\b0\fs24\cf0\insrsid9529396 2000}{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid9529396 .
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af42\afs24 
\ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 Life Insurance Act }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid9529396 2000}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 .
\par }\pard\plain \ltrpar\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Certified on: }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs38\fs24\insrsid9529396 15/2/2001}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par \sect }\sectd \ltrsect\binfsxn2\binsxn2\pgnrestart\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\footerl \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 \endash  }{\field{\*\fldinst {
\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 PAGE \\* roman}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 vi}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  \endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par }}{\footerr \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 PAGE \\* roman}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 v}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  \endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par }}{\footerf \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }}\pard\plain \ltrpar\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par INDEPENDENT STATE OF PAPUA NEW GUINEA.
\par }\pard\plain \ltrpar\s37\qc \li0\ri0\sb480\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 

\par }\pard\plain \ltrpar\s105\qc \li0\ri0\sb240\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\cs135\b0\fs24\cf0\insrsid9529396 No. 62}{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 \b0\fs24\cf0\insrsid9529396  of }{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 \cs136\b0\fs24\cf0\insrsid9529396 2000}{\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid9529396 .
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sb500\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\ai\af42\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 Life Insurance Act }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid9529396 2000}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 .
\par }\pard\plain \ltrpar\s134\qc \li567\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin567\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs24 
\ltrch\fcs0 \f0\fs24\insrsid9529396 ARRANGEMENT OF SECTIONS.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 1 \endash  Preliminary.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 1.\tab Compliance with Constitutional Requirements.
\par 2.\tab Purpose of this Act.
\par 3.\tab Interpretation.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93approved actuary\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93approved auditor\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93associate\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93authorized officer\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Board\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93books\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93business of a statutory fund\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Central Bank\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93classes of life insurance business\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93contravene\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93defined or guaranteed benefit\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93defined or guaranteed benefit fund\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Deputy Governor\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93director\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93disclose\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93entity\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93external administrator\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93financial accommodation\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93foreign country\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93general insurance\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Governor\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93group\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93guarantee\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93indirect controller\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93invest\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93investment accountant benefit\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93issue and ownership of policies\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93licence holder\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93life insurance agent\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93life insurance broker\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93life insurance business\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93life insurance company\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93life policy\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93nominee\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93non participating benefit\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93office\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93ordinary business\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93participating benefit\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93policyholder\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93property\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93prudential matters\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93prudential standard\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93related corporation\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93relative\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93security interest\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93share holder controller\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93stake\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93statutory fund\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93statutory manager\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93superannuation business\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93superannuation fund\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Superannuation Act\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93this Act\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93unclaimed money\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 4.\tab Life Policy.
\par 5.\tab Issue and Ownership of Policies.
\par 6.\tab Life Insurance Business.
\par 7.\tab Classes of Line Insurance Business.
\par 8.\tab Business of a Statutory Fund.
\par 9.\tab Investment Account Benefits.
\par 10.\tab Participating and Non-Participating Benefits.
\par 11.\tab Application of Other Acts.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 2 \endash  Functions and Powers of the Central Bank.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 12.\tab Functions and Powers.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 3 \endash  Licensing of Life Insurance Companies and Life Insurance Brokers.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 13.\tab Unauthorized Operations.
\par 14.\tab Declaration that insurance business is Life Insurance Business.
\par 15.\tab Application for Licence.
\par 16.\tab Minimum Requirements.
\par 17.\tab Matters to be considered by Central Bank.
\par 18.\tab Approval of Application.
\par 19.\tab Refusal of Application.
\par 20.\tab Officers to be Fit and Proper.
\par 21.\tab Appointment of Life Insurance Agents.
\par 22.\tab Conditions on Licence.
\par 23.\tab Duration of Licence.
\par 24.\tab Renewal of Licence.
\par 25.\tab Revocation or Suspension of Licence.
\par 26.\tab Surrender of Licence.
\par 27.\tab Revocation of Licence \endash  Failure to Commence Operations.
\par 28.\tab Publication of names of Licence Holders.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 4 \endash  Power to issue Notice or Direction.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 29.\tab Issue of Notice or Direction.
\par 30.\tab Direction not grounds for denial of obligations.
\par 31.\tab No notice in cases of urgency.
\par 31A.\tab Power to give directions to non-licensed life insurance companies.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 5 \endash  Information and Investigation.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 32.\tab Central Bank to be supplied with certain documents.
\par 33.\tab Power to obtain Information and require production of documents.
\par 34.\tab Right of Entry to Obtain Information.
\par 35.\tab No notice in case of urgency.
\par 36.\tab Investigation on behalf of the Central Bank.
\par 37.\tab Obstruction of Investigations.
\par 38.\tab False and Misleading Information.
\par 39.\tab Duty to give Information.
\par 40.\tab Action as a result of investigation.
\par 41.\tab Duty to notify the Central Bank of significant adverse events.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 6 \endash  Ownership and Control of Licence Holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 42.\tab Objections to shareholder controllers or indirect controllers or increases in stake by the Central Bank.
\par 43.\tab Objections by the Minister in National Interest.
\par 44.\tab Objections to Existing Shareholder Controllers and Indirect Controllers.
\par 45.\tab Contraventions by Shareholder Controller and Indirect Controller.
\par 46.\tab Remedial Orders.
\par 47.\tab Restructuring of Licence Holders.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 7 \endash  Prudential Supervision.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 48.\tab The Central Bank may make prudential standards.
\par 49.\tab Scope of Prudential Standards.
\par 50.\tab Public Interest Provisions.
\par 51.\tab Part not to limit operation of other provisions.
\par 52.\tab Investment Guidelines.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 8 \endash  Duties of Licence Holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 53.\tab Responsibility for Appointees.
\par 54.\tab Duty to keep and maintain register of policyholders.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 9 \endash  Duties and Liabilities of Directors of Licence Holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 55.\tab Duty of Directors.
\par 56.\tab Liability of Directors.
\par 57.\tab The Central Bank\rquote s power to sue in the name of the Licence Holders.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 10 \endash  Lodgement of Returns and Reports and Duty to Maintain Information.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 58.\tab Licence Holders to lodge Statistical Returns.
\par 59.\tab Lodgement of Annual Statistical Returns.
\par 60.\tab Disclosure of Information to Policyholders.
\par 61.\tab Protection of Information.
\par 62.\tab Administration and Accounting Standards of Licence Holders.
\par 63.\tab Actuarial Investigations.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 11 \endash  Power to Appoint Statutory Manager.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 64.\tab Appoint of a Statutory Manager.
\par 65.\tab Responsibilities of Statutory Manager.
\par 66.\tab Powers and Functions of Statutory Manager.
\par 67.\tab Liabilities and Duties of Statutory Manager.
\par 68.\tab External Administrator in control \endash  additional duties.
\par 69.\tab Termination of Appointment of External Administrator.
\par 70.\tab Effect on external administrator of appointment of Statutory Manager.
\par 71.\tab Effect of legal proceedings of Statutory Manager.
\par 72.\tab Statutory Manager in control not grounds for denial of obligations.
\par 73.\tab Costs of Statutory Manager.
\par 74.\tab Central Bank to give notice of Statutory Management.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 12 \endash  Provisions relating to Statutory Funds of licence holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 75.\tab Requirement that licence holders have statutory funds.
\par 76.\tab Duty of a licence holder in relation to Statutory Funds.
\par 77.\tab Notice to the Central Bank when fund established.
\par 78.\tab Property of Statutory Fund.
\par 79.\tab Identification of policies referable to Statutory Fund.
\par 80.\tab Payments to Statutory Fund.
\par 81.\tab Capital Payments to Statutory Funds.
\par 82.\tab Expenditure and Application of Statutory Funds.
\par 83.\tab Prohibition of Reinsurance Between Funds.
\par 84.\tab Effect on Non-Compliance with }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs96\b0\caps0\insrsid9529396 Section\~82}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396 ..
\par 85.\tab Investment of Statutory Funds.
\par 86.\tab Reporting of Restricted Investments.
\par 87.\tab Transfer of Property Between Funds.
\par 88.\tab Restriction on Restructure or Termination of Statutory Funds.
\par 89.\tab Ascertainment of Income and Outgoings of a Statutory Fund.
\par 90.\tab Restructure of Statutory Funds.
\par 91.\tab Additional Requirements for Transfer of Policies between Statutory Funds by Endorsement.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 13 \endash  Financial Management of Licence Holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 92.\tab Treatment of Income or Outgoings relating to two or more Statutory Funds.
\par 93.\tab Basis of Apportionment.
\par 94.\tab Treatment of Appreciation and Depreciation of Property.
\par 95.\tab Obligation to Allocate Surplus.
\par 96.\tab Surplus.
\par 97.\tab Distribution of Unappropriated Surplus.
\par 98.\tab Distribution of Shareholders Capital.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 14 \endash  Appointment, Duties and Liabilities of Auditors and Actuaries of Licence Holders.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 99.\tab Appointment.
\par 100.\tab Cessation of Appointment.
\par 101.\tab Notification of Appointment etc.,.
\par 102.\tab Duties of the Appointed Actuary.
\par 103.\tab Powers of Appointed Actuary.
\par 104.\tab Actuary\rquote s Obligation to Report to the Central Bank.
\par 105.\tab Qualified Privilege of Appointed Actuary.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 15 \endash  Provisions and Contractual conditions relating to Life Policies.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 106.\tab Insurable Interest Not Required.
\par 107.\tab Effect of Suicide on Policy.
\par 108.\tab Conditions to War risk Void.
\par 109.\tab The Insured\rquote s Party of Disclosure.
\par 110.\tab Licence Holder to Inform of Duty of Disclosure.
\par 111.\tab Remedies for Non Disclosure or Misrepresentation.
\par 112.\tab Interest on Claims.
\par 113.\tab Cooling off period.
\par 114.\tab Reasons for Non Acceptance to be given.
\par 115.\tab Surrender Values.
\par 116.\tab Relaxation of a Licence Holder\rquote s Obligation to Surrender.
\par 117.\tab Paid-up Policies.
\par 118.\tab Non-forfeiture of policies in certain cases for non-Payment of Premiums.
\par 119.\tab Assignment of Policy.
\par 120.\tab Protection of Interest of Insured.
\par 121.\tab Protection of Policy Money on Person\rquote s Death.
\par 122.\tab Probate or Administration not necessary in certain cases.
\par 123.\tab Death of Policy Owner who is not the Life Insured.
\par 124.\tab Licence Holder not bound to see to the Application of money paid by it.
\par 125.\tab No deduction in respect of other policies.
\par 126.\tab Lost or destroyed policy \endash  issue of replacement policy document.
\par 127.\tab Form of replacement policy document.
\par 128.\tab Application to replacement policy document.
\par 129.\tab Policies not invalidated by contraventions of the Act.
\par 130.\tab Notice before issuing replacement policy document.
\par 131.\tab Claim under policy where policy document lost or destroyed.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 16 \endash  Miscellaneous.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 132.\tab Central Bank not to act as Banker.
\par 133.\tab Protection from Liability and Indemnity.
\par 134.\tab Power to pay money into court.
\par 135.\tab Treatment of unclaimed moneys.
\par 136.\tab Code of Conduct.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93industry code \'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93mandatory industry code\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93voluntary industry code\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 137.\tab Secrecy.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93officer \'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93produce\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93protected document\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93protected information\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 138.\tab Payment of Fees.
\par 139.\tab Authorization and Approvals.
\par 140.\tab Service of Notices.
\par 141.\tab Exercise of powers of Central Bank and Delegation.
\par 142.\tab Failure to publish certain notices.
\par 143.\tab Power to make regulations.
\par 144.\tab Scope of regulation and instrument-making power.
\par 145.\tab Offences and penalties.
\par 146.\tab Power to amend schedules etc.,.
\par 147.\tab Prosecutions and other actions..
\par 148.\tab Injunctions and other orders.
\par 149.\tab Restriction of use of certain words and expressions.
\par 150.\tab Restriction on establishment or maintenance of branch offices.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\insrsid9529396 PART 17 \endash  Repeal, Amendment, Saving and Transitional Provisions.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af42\afs24\alang1025 \ltrch\fcs0 \b\i\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid9529396 Division 1 \endash  Repeal, Amendment, Savings and Transitional Provisions.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 151.\tab Definitions.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Change Date\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Cut-off Date\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93End Date\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Existing Entity\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Existing Entity instrument\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Insurance Corporation Act\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93liabilities\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93New Licence Holder\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93rights\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93transferred employee\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93Transition Period\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 152.\tab Amendments to }{\rtlch\fcs1 \ab0\ai\af42 \ltrch\fcs0 \cs92\b0\i\caps0\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396 .
\par 153.\tab Acts in Schedule.
\par 154.\tab Saving of Regulations.
\par 155.\tab Policy Rights and Entitlements.
\par 156.\tab Exemption for existing Entities.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af42\afs24\alang1025 \ltrch\fcs0 \b\i\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid9529396 Division 2 \endash  Transitional Period.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 157.\tab Difficulties with saving or transitional provisions.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af42\afs24\alang1025 \ltrch\fcs0 \b\i\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid9529396 Division 3 \endash  Cut-off date for an existing entity.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 158.\tab Deadline for transition of existing entities.
\par 159.\tab Appointment of a new licence holder.
\par 160.\tab Obligations of the Central Bank during transition.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af42\afs24\alang1025 \ltrch\fcs0 \b\i\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42 \ltrch\fcs0 
\insrsid9529396 Division 4 \endash  Transition issues on and from the change date.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396 161.\tab Vesting of rights and liabilities in the new licence holder..
\par 162.\tab Effect of change of entity on documents etc.,.
\par 163.\tab No stamp duty on transfer of property and liabilities of the existing entity.
\par 164.\tab Existing entity instruments.
\par 165.\tab Pending proceedings.
\par 166.\tab Registration of interests in land.
\par 167.\tab Transfer of existing entity staff to new licence holder.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af42\afs24\alang1025 \ltrch\fcs0 \b\caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 
\b0\caps0\insrsid9529396  }{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \cs45\b0\caps0\insrsid9529396 \'93employee\'94}{\rtlch\fcs1 \ab0\af42 \ltrch\fcs0 \b0\caps0\insrsid9529396  
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af42\afs24\alang1025 \ltrch\fcs0 \caps\f42\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42 \ltrch\fcs0 
\b\caps0\insrsid9529396 SCHEDULE 1 \endash  .
\par SCHEDULE 2 \endash  .
\par SCHEDULE 3 \endash  .
\par SCHEDULE 4 \endash  .
\par SCHEDULE 5 \endash  Amendments to the }{\rtlch\fcs1 \ab\ai\af42 \ltrch\fcs0 \cs92\b\i\caps0\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \ab\af42 \ltrch\fcs0 \b\caps0\insrsid9529396 ..
\par \sect }\sectd \ltrsect\binfsxn2\binsxn2\sbkodd\pgnrestart\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\headerl \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 
\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\pard\plain \ltrpar\s59\qj \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  = OR ( }
{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 
\ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 12.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  = Preamble* \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 
\ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 ,}{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\insrsid9529396  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 12.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  <= 0 \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 ) \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  = 1 "" "s. "\\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 s. }}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 12.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s59\qc \li0\ri0\widctlpar\intbl
\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Life Insurance 2000}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }}{\headerr \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil 
\cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\pard\plain \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Life Insurance 2000}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard \ltrpar\s59\qr \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\insrsid9529396  = OR ( }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt 
{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 13.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  = Preamble* \\* MERGEFORMAT }}{\fldrslt 
{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 ,}{\field{\*\fldinst {\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 13.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  <= 0 \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 ) \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  = 1 "" "s. "\\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 s. }}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 13.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }}{\footerl \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 PAGE}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 12}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  \endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par }}{\footerr \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 PAGE}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 13}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  \endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par }}{\footerf \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }}\pard\plain \ltrpar\s106\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\insrsid9529396 INDEPENDENT STATE OF PAPUA NEW GUINEA.
\par }\pard\plain \ltrpar\s37\qc \li0\ri0\sb480\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }\pard\plain \ltrpar\s105\qc \li0\ri0\sb480\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid9529396 AN ACT
\par entitled
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sb480\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs30\alang1025 \ltrch\fcs0 \b\caps\f42\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\ai\af42\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 Life Insurance Act }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid9529396 2000}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid9529396 ,
\par }\pard\plain \ltrpar\s66\qj \fi-720\li720\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af42\afs24 \ltrch\fcs0 
\b0\fs24\insrsid9529396 Being an Act to make provision for the licensing, regulation and supervision of companies involved in life insurance business and the activity of life insurance agents, to amend various acts and for related purposes.
\par }\pard\plain \ltrpar\s24\qj \fi-720\li720\ri0\keep\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 MADE by the National Parliament to come into operation in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.
\par }\pard\plain \ltrpar\s83\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 1. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Preliminary.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 1.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Compliance with Constitutional Requirements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This Act, to the extent that it regulates or restricts a right or freedom referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 
Subdivision III.3.C (qualified rights) of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Constitution}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 :
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the right to freedom from arbitrary search and entry conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 44 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Constitution}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the right to freedom of employment conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 48 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Constitution}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the right to privacy conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 49 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Constitution}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 ;   and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the right to freedom of information conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 51 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Constitution}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is a law that is made for the purpose of giving effect to the public interest in public welfare.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 41 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Organic Law on Provincial Governments and Local-level Governments}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  it is hereby declared that this Act relates to a matter of national interest.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 
Section 53 (Protection from unjust deprivation of property)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  the licensing, regulat
ion and supervision of companies involved in life insurance business and the activity of life insurance agents are hereby declared to be public purpose.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 2.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Purpose of this Act.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The purpose of this Act is to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
make provision for the licensing and regulation of the life insurance industry in Papua New Guinea in a manner consistent with the continued development of a viable competitive industry;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 make provision for the prudent management of licence holders and life insurance agents;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 provide for the protection of interests of policyholders and prospective policyholders of life policies; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 for related purposes.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 3.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Interpretation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 3 Subsection (1) amended by No. 2 of 2002, s. 1; Subsection (1) amended by No. 2 of 2002, s. 1.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 In this Act, unless the contrary intention appears\~\endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93approved actuary\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person approved by the Central Bank from time to time;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93approved auditor\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person approved by the Central Bank from time to time;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93associate\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 in relation to a person entitled to exercise or control the exercise of voting power in relation to, or holding shares in, a body corporate means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a relative or the person; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any body corporate of which that person is a director; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person who is an employee or partner of that person; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where that person is a licence holder\~\endash 
\par }\pard\plain \ltrpar\s43\qj \fi-720\li2880\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any director of that licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any subsidiary of that licence holder; or 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any director or employee of any such subsidiary; or
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where that person has with any other person and agreement or arrangement with respect to the acquisition, holding or disposal of shares or other interests in that body corporate or under which they un
dertake to act together in exercising their voting power in relation to it, that other person;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93authorized officer\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means an office of the Central Bank authorized under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~139}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Board\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the Board of the Central Bank;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93books\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  includes:
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any record; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any accounts or accounting records, however compiled, recorded or stored; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a document;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93business of a statutory fund\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~8}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Central Bank\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the Bank of Papua New Guinea;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93classes of life insurance business\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~7}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93contravene\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  includes fail to comply with;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93defined or guaranteed benefit\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a benefit which is to be paid to a policyholder based on:
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the amount of the policyholder\rquote s salary at a particular date; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the average of the policyholder\rquote s salary at a particular date; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the average of the policyholder\rquote s salary over a period; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an amount identified as the defined or guaranteed benefit in the constituent document of the fund;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93defined or guaranteed benefit fund\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means a superannuation fund authorized under Section 8(2) of the Superannuation Act to operate as a defined or guaranteed benefit fund; 
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Deputy Governor\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a Deputy Governor of the Central Bank;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93director\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
with respect to companies registered in Papua New Guinea, the same meaning as }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 107(1)}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs95\i\fs24\insrsid9529396 (a)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs95\fs24\insrsid9529396  of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
with respect to a body corporate incorporated outside Papua New Guinea, means any person, including a member of a board, who occupies a position that in the opinion of the Central Bank is analogous to that of a director of a company under }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 107(1)}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs95\i\fs24\insrsid9529396 (a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396  of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 with respect to any body corporate, means a person who occupies a position that in the opinion of the Central Bank is analogous to that of a director of a company under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 
Section 107(1)}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs95\i\fs24\insrsid9529396 (a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396  of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93disclose\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  in relation to information means give, reveal or communicate in any way;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93entity\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means an individual, statutory authority, unincorporated partnership or body, or a corporation, as the context permits;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93external administrator\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means any of the following:\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a liquidator,
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a receiver,
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other form of administrator or person having an analogous role under the laws,
\par }\pard\plain \ltrpar\s71\qj \li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 and expressions used in this definition have the same meanings as they have in the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;

\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93financial accommodation\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any indebtedness, present or future, actual or contingent, under or in respect of moneys borrowed or raised; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other financial indebtedness whatsoever; and includes\~\endash 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 indebtedness under or in respect of a negotiable or other financial instrument; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a guarantee of financial indebtedness; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 interest; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 gold and currency exchange; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a hedge or currency exchange; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 h}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a redeemable share; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 i}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a share the subject of a guarantee; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 j}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a discounting arrangement; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 k}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a financing lease or capital lease;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93foreign country\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a country other than Papua New Guinea;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93general insurance\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the same meaning as in the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 
Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Governor\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the Governor of the Central Bank;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93group\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 in relation to body corporate, means that body corporate, any other body corporate which is its holding company or subsidiary and any other body corporate which is a subsidiary of that holding company;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93guarantee\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any guarantee, indemnity, legally binding undertaking, letter of credit, acceptance or endorsement of a bill of exchange or promissory note or other legally binding obligation in favour of any person to secure to enable the payment by a
ny third party of any moneys or the performance or observance of any other obligation owed by the third party; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any legally binding obligation to provide funds to a third party by the advance of moneys, the purchase of or subscription for securities (as defined in the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 
Securities Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ); or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any legally binding obligation to ensure the solvency or financial condition of any third party; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any put and/or call option whereby its grantor is legally obliged under the exercise of the option to buy and/or sell;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93indirect controller\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means either\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a person or persons in accordance with whose direction or instructions the directors of the licence holder or any holding company or any shareholder controller of a licence holder are accustomed to ac
t or are under an obligation, whether formal or informal, to act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person or persons declared by the Central Bank to be an indirect controller for the purposes of this Act by written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 ;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93invest\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 apply property in any way, or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 make a contract,
\par }\pard\plain \ltrpar\s71\qj \li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 for the purpose of gaining interest, income, profit or gain;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93investment accountant benefit\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it be }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~9}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93issue and ownership of policies\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~5}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 3 Subsection (1) amended by No. 2 of 2002, s. 1; Subsection (1) amended by No. 2 of 2002, s. 1.}}\chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 3 Subsection (1) amended by No. 2 of 2002, s. 1.}}}{\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93licence holder\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a life insurance company under this Act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93life insurance agent\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means a person providing marketing, selling, management or any other similar services to a licensed life insurance company under this Act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93life insurance broker\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  mea
ns a person who, for or in expectation of gain, acts as or carries on business as the agent of a policyholder or a proponent of a life policy in connection with the transaction of life insurance business;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93life insurance business\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~6}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93life insurance company\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a company incorporated under the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , carrying on life insurance business;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93life policy\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~
4}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93nominee\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person nominated by a policyholder to receive the benefits under the life policy;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93non participating benefit\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning ascribed to it by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~10}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93office\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  includes\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a chief executive officer, director, manager of a licence holder, or employee; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93ordinary business\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means life insurance business other than superannuation business and general insurance;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93participating benefit\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is any benefit other than superannuation business and general insurance;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93policyholder\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the person to whom
 the policy is issued or if the rights of that person under the policy have been assigned under this Act or transferred by the operation of the policy, the person who has the rights;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93property\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means any legal or equitable estate or interest (whether prese
nt or future and whether vested or contingent) in real or personal property of any description;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93prudential matters\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 in relation to a licence holder or life insurance agent means matters relating to the conduct by that entity and any group of which it is a member of any of their affairs\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 it such a way as\~\endash 

\par }\pard\plain \ltrpar\s43\qj \fi-720\li2880\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 to keep itself in a sound financial position; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 not to cause or promote instability in the Papua New Guinea life insurance industry; and
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
such that they are conducted with integrity, prudence and professional skill; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 which ensure compliance with the relevant obligations place on the entity by or under this Act;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93prudential standard\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning given to it under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part\~7}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93related corporation\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a corporation that in accordance with the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is taken to be related to another corporation;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93relative\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  in relation to a person, means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the person\rquote 
s spouse, including the legal or customary spouse; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 another person who, although not legally married to the person, lives with the person on a bone fide domestic basis as the husband or wife of the person; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a parent or remoter lineal descendant of the person; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a son, daughter or remoter lineal descendant of the person; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a brother or sister of the person;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93security interest\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 includes any mortgage, pledge, lien or charge or any security or preferential interest or arrangement of any kind or any other right of, or arrangement with, any creditor to have its claims sat
isfied in priority to other creditors with, or from the proceeds of, any asset;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93share holder controller\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person who, either alone or with any associate or associates has a stake in\~\endash 

\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder under this Act; or 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a holding company of a licence holder,
\par }\pard\plain \ltrpar\s71\qj \li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 of more than 15%;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93stake\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the aggregate of the voting power that a person controls in a body corporate at a general meeting;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93statutory fund\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a fund that is established in the records of a licence holder relating solely to t
he life insurance business of the licence holder;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93statutory manager\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means either the Central Bank or an entity appointed by the Central  Bank;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93superannuation business\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means life insurance business, including a defined or guaranteed benefit, that is mai
ntained  by a fund, whether operating as a superannuation fund or solely as a defined or guaranteed benefit fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 3 Subsection (1) amended by No. 2 of 2002, s. 1.}}}{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93superannuation fund\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  means an indefinitely continuing fund created for retirement or other related purposes by statute or trust deed or other instrument;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Superannuation Act\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means the Superannuation (General Provisions) Act 2000 and any regulations or prudential standards made under or pursuant to that Act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93this Act\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  includes the regulations and prudential standards made under this Act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93unclaimed money\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  has the meaning given by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~
(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this Act, the question whether a body corporate is a subs
idiary of another body corporate is to be determined in the same way as that question is determined for the purposes of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this Act, a reference to a person who held the office or position of chief executive off
icer, director, manager or employee of a licence holder at a particular time includes a person who held that office or position within two years before that time.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this Act, money payable to a policyholder is taken to be unclaimed money where \~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the policyholder has died; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder determines that a benefit (other than a pension) is immediately payable in respect of the policyholder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 neither the policyholder or its nominee has applied to the licence holder to have the amount of his benefits under the life policy paid to him; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder is unable to pay those benefits to the policyholder or its nominee because the licence holder, after making reasonable efforts to find the policyholder or its nominee, is unable to do so
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 4.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Life Policy.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Each of the following constitutes a life policy for the purposes of this Act:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a contract of insurance that provides for the payment of money on the death of a person or on the happening of a contingency dependent on the termination or continuance of human life;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a contract of insurance that is subject to payment of premiums for a term dependent on the termination or continuance of human life;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a contract of insurance that provides for the payment of an annuity for a term dependent on the continuance of human life;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a contract (whether or not it is a contract of insurance) that constitutes an investment account contract;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a continuous disability policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract that provides for the payment of money on the death of a person is not a life policy where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
by the terms of the contract, the duration of the contract is to be not more than one year; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 payment is only to be made in the event of;
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 death by accident; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 death resulting from a specified sickness.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 4 Subsection (3) amended by No. 99 of 2006, s. 1; Subsection (3) substituted by No. 6 of 2004, s. 1.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 4 Subsection (3) amended by No. 99 of 2006, s. 1; Subsection (3) substituted by No. 6 of 2004, s. 1.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A continuous disability policy is a contract of insurance for a minimum cover period of 104 weeks and under which a benefit is payable in the event of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the death, by accident or by some other cause stated in the contract, of the person whose life is insured; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 injury to, or disability of, the insured as a result of accident or sickness; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the insured being found to have a stated condition or disease.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 4 Subsection (4) amended by No. 6 of 2004, s. 1.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 
\chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 4 Subsection (4) amended by No. 6
 of 2004, s. 1.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract of insurance that is, by its terms, to be of a duration of 104 weeks or less is taken to comply with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsection\~(3)(b)(i)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
contracts of insurance of the same kind as the contract are usually of more than three years duration; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the contract is of a lesser duration only because of the age of the owner of the policy at the time when it was entered into.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract of i
nsurance is not a continuous disability policy where the terms of the contract permit alteration, at the instance of the licence holder concerned, of the benefits provided for by the contract or the premiums payable under the contract.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract of in
surance the terms of which permit alteration, at the instance of the life company concerned, of the benefits provided for by the contract is not excluded by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  from being a continuous disability policy, where, by those terms, the only alteratio
ns that are permitted to be made are alterations that improve the benefits and are made following an offer made by the licence holder and accepted by the owner of the policy.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract of insurance the terms of which permit alteration, at the instance
 of the licence holder concerned, of the premiums payable under the contract is not excluded by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 from being a continuous disability policy where the terms of all contracts of the same kind as that contract only permit such alterations where they are made on a simultaneous and consistent basis.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A contract of insurance entered into in the course of carrying on health insurance business is not a continuous disability policy.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 5.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Issue and Ownership of Policies.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 For the purposes of this Act\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder issues a policy when the licence holder enters into the contract that constitutes the policy; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a policy is issued to the person with whom the licence holder enters into the contract.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 6.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Life Insurance Business.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A reference in this Act to life insurance business is a reference to business that consists of any or all of the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the issuing of life policies;

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the undertaking of liability under life policies;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 6 Subsection (1) amended by No. 2 of 2002, s. 2.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 \tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 [}{
\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Repealed}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .]
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 6 Subsection (1) amended by No. 2 of 2002, s. 2.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 \tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any business that relates to business referred to in Paragraphs (a) and (b).
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Without limiting }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, a business referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 subsection\~(1)(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 includes a business relating to the investment, administration and management of the property of a statutory fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 7.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Classes of Line Insurance Business.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A reference in this Act to classes of life insurance business is a reference to one or both of the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ordinary business;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 superannuation business.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank has made a declaration under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~14}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  the life insurance business carried on by a licence holder included in one class of life insurance business is to be treated as being included in that class of life insurance business nominated in the declaration.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 8.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Business of a Statutory Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A reference to the business of a statutory fund of a licence holder is a reference to the life insurance business to which the fund relates.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this definition a liability (including a policy liability) is taken to be referable to the business of a statutory fund if the liability is\~
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
of a kind that may be discharged out of the property of the fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 is an expense of a statutory fund that may be met out of the property of the fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 9.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Investment Account Benefits.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The expression \'93investment account benefits\'94 refers to benefits payable under an investment account contract
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An investment account contract is a contract that\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
provides for benefits to be paid\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 on death; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 on a specified date or specified dates or on death before the specified date; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
provides for the benefits to be calculated by reference to\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a running account under the contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 units the value of which are guaranteed by the contract not to be reduced; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
provides for the account to be increased (for example, by the amounts of premiums paid or interest payable)
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A contract is not an investment account contract where it provides for the account to be reduced, otherwise than by withdrawals, by the person r
esponsible for the payment of premiums or by the amounts of charges payable under the contract.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 10.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Participating and Non-Participating Benefits.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A participating benefit is any benefit other than a non-participating benefit.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A non-participating benefit is a benefit that has the following features:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
it does not include any entitlement to share in any distribution of profits and surplus by the licence holder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the amount of it is specified in the policy document or is to be calculated according to a formula that\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 is set out in the policy documents;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
does not include any element which is dependent on, or to be ascertained according to, a decision of the licence holder concerned
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A benefit is a non-participating benefit where it is declared by prudential standards to be a non-participating benefit.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 11.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Application of Other Acts.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The requirements of this Act are in addition to and not in derogation of or substitution for the requirements of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Securities Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  but in the case of a conflict or inconsistency between the provisions of this Act and a provision of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  or the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Securities Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , the provisions of this Act will prevail.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The requirements of thi
s Act, in relation to superannuation funds which are authorized under Section 8(2) of the Superannuation Act, are in addition to and not in derogation of or substitution for the requirements of the Superannuation Act.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 2. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Functions and Powers of the Central Bank.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 12.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Functions and Powers.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The principal function of the Central Bank under this Act is to promote the general stability, regulation and supervision of the life insurance industry for the protection of the rights and interests of policyholders.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The functions of the Central Bank under this Act include\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
licensing of life insurance companies; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 authorizing licence holders to accept premiums paid in respect of life policies;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 assuming responsibility for supervising compliance with the provisions of this Act and any prudential standards;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 collecting and analyzing information in respect of prudential matters relating to licence holders and life insurance agents;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 promoting, encouraging and enforcing proper standards of conduct and sound and prudent business practices in the life insurance industry including the issue of prudential standards; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 evaluating the effectiveness of carrying out those practices;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 suppressing or aiding in the suppression of illegal or improper practices within the life insurance industry.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 3. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Licensing of Life Insurance Companies and Life Insurance Brokers.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 13.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Unauthorized Operations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity which\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 carri
es on the operations of a licence holder operating a life insurance business; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 carries on any aspect of life insurance business; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 13 Subsection (1) amended by No. 2 of 2002, s. 3.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 \tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 [}{
\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Repealed}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .]
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 accepts funds from another person for the purpose of operating life insurance business,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
and has not first obtained a licence under this Part, is guilty of an offence under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1A)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 13 Subsection (1A) amended by No. 2 of 2002, s. 3.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 
\chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 13 Subsection (1A) am
ended by No. 2 of 2002, s. 3.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A person, who carried on the operations of a life insurance broker or any aspect of a life insurance broker and has not first obtained the approval of the Central Bank, is guilty of an offence.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (1B) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In granting approval to car
ry on the operations of a life insurance broker or any aspect of the business of a life insurance broker, the Central Bank shall be satisfied that\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the life insurance broker and its directors and officers are fit and proper persons in accordance with the requirements of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the life insurance broker maintains professional indemnity and other insurances to an adequate level; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the life insurance broker maintains trust accounts for the receipt and payment of client\rquote s moneys.\'94; and
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A licence holder that operates any aspect of life insurance business otherwise than in accordance with the conditions (if any) of its licence is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 14.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Declaration that insurance business is Life Insurance Business.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central B
ank may, on application of a licence holder or where it considers necessary, declare that certain business (other than health insurance or business against loss of or damage to property as defined by the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 )\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that is carried on by the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that the licence holder proposes to carry on; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that is carried on by an entity which is not a licence holder under this Act,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is to be treated for the purposes of this Act as if it was life insurance business.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 14 Subsection (2) substituted by No. 2 of 2002, s. 4.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 
\chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 
Section 14 Subsection (2) substituted by No. 2 of 2002, s. 4.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, on application of a licence holder or where it considers necessary, declare that a certain business\~\endash 

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that is carried on by a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that the licence holder proposes to carry on; or 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that is carried on by an entity which is not a licence holder under this Act,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is not to be treated as life insurance business under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 15.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Application for Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An applicant for a licence under this Act shall be a corporation incorporated under the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 
Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Only one licence may be held by an entity at any time.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prevent more than one corporation within a group from being licence holders.
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
include the matters specified in Schedule 1; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 contain any other information required by the Central Bank; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 be accompanied by an application fee for the prescribed amount.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may request the applicant, in writing, to provide the Central Bank with such further information for determination of the licence applicat
ion as specified in the request.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
an applicant which makes an application under this section that is false or misleading in a material respect is guilty of an offence.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence is personal to the licence holder and is incapable of being transferred.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 16.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Minimum Requirements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A licence shall only be granted to an applicant for a licence to act as a licence holder where the Central Bank is satisfied that: \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the applicant meets the fit and proper criteria set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the applicant\rquote s officers meet the fit and proper criteria set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the applicant can be relied on to perform, in a fit and proper manner, the duties of a licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the applicant satisfies\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the financial requirements set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 ; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where required by the Central Bank, that it is entitled to the benefit of an approved guarantee of an amount not less than the amount in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , being a guarantee in respect of the applicant\rquote s duties as licence holder; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the applicant satisfies the Central Bank that it has appointed, or will on the granting of a licence, appoint the appropriate life insurance agents.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 17.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Matters to be considered by Central Bank.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank may have regard to any matter it considers relevant when considering an application under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~15}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 18.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Approval of Application.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 On the granting of a licence under this Part, the Central Bank shall cause a notice of the issue of a licence to be published in the 
National Gazette and the licence takes effect from the date of publication of the notice in the National Gazette.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 19.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Refusal of Application.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where the Central Bank proposes to refuse an application for a licence it will give the applicant written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 20.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Officers to be Fit and Proper.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall ensure that, at all times, its officers and any actuaries and auditors appointed or engaged by it, satisfy\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the criteria specified in }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any relevant prudential standards.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , require the removal of an officer, actuary or auditor of a licence holder who does not, in the opinion of the Central Bank, satisfy the provisions of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 21.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Appointment of Life Insurance Agents.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 When appointing a life insurance agent, a licence holder shall be satisfied that the life insurance agent\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
meets the fit and proper criteria set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;   and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where it is a company, its officers meet the fit and proper criteria set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 can be relied on to perform, in a fit and proper manner, the duties of the relevant life insurance agent;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 meets any prudential standards issued by the Central Bank; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 has the necessary skill, experience, expertise and resources to provide the relevant core services.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 22.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Conditions on Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may impose such conditions on a licence when granting the licence under this Act, or at any time, by written notice under }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , as it considers appropriate for the implementation of, or compliance with, the provisions of this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A condition may be expressed to have effect notwithstanding anything in the prudential standards or the regulations to this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 23.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duration of Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 23 Amended by No. 2 of 2002, s. 5.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Unless sooner surrendered, suspended or revoked a licence remains in force.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 24.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Renewal of Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A licence in force immediately before 1 January in any year may be renewed on payment of the prescribed fee.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 25.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Revocation or Suspension of Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , revoke or suspend a licence granted under this Act where it appears to the Central Bank that\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any criteria specified in }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  are not being fulfilled or may not be fulfilled by a licence holder;  or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder has failed to comply with any obligation imposed on it by or under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder has failed to comply with any condition imposed on the licence; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an entity has become a shareholder controller or an indirect controller of the licence holder in contravention of this Act or has become or remains a shareholder
 controller or indirect controller after being given a notice of objection by the Central Bank under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank has been provided with false, misleading or materially inaccurate information\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 by or on behalf of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 in connection with an application for a licence; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 by or on behalf of a person who is an officer of the licence holder;  or
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the interests of 
policyholders or potential policyholders of life insurance are in any other way threatened, whether by the manner in which the licence holder is conducting or proposes to conduct its affairs or for any other reason; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any of the following has occurred with respect to the licence holder:\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a composition or arrangement with creditors has been made;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 an external administrator or statutory manager has been appointed;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
it has ceased to operate, gone into liquidation or has been wound up or dissolved or where anything having an analogous effect has occurred in the place of incorporation of the licence holder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iv)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 in the case of a licence holder whose principal place of b
usiness changes to outside Papua New Guinea, anything having an analogous effect as referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subparagraph\~(iii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank suspends a licence under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , the Central Bank may appoint an appropriate licence holder to act for the period of suspension or until a new appointment of a licence holder is made.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Notwithstanding the suspension of a licence, the licence holder concerned may, with the approval of the Central Bank, assist in the orderly transfer of the property of the licence holder to another licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 26.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Surrender of Licence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may, by notice in writing to the Central Bank request approval to surrender its licence.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may accept a request under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  where it is satisfied that the surrender would not be contrary to the interests of policyholders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank shall publish notice of a surrender under this section in the National Gazette, and may also cause notice of the surrender of the licence to be published in any other way it considers appropriate.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 27.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Revocation of Licence \endash  Failure to Commence Operations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank may, by written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, revoke a licence granted under this Act where the Central Bank is of the opinion that the licence holder, having been licensed under this Act for 12 months has not commenced operating in Papua New Guinea.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 28.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Publication of names of Licence Holders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, from time to time, publish a list of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 licence holders; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 28 Subsection (1) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 \tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
life insurance brokers; or.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 28 Subsection (1) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 \tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
exemptions and any conditions attached to such exemptions.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 28 Subsection (2) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 
\chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 
Section 28 Subsection (2) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall include a list of licence holders, life insurance brokers, life insurance brokers\'94
 and any exemptions including any conditions attached to such exemptions when delivering annual reports to the Minister as required by the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Central Banking Act 2000}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 28 Subsection (3) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 28 Subsection (3) amended by No. 2 of 2002, s. 6.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where a licence holder, life insurance broker proposes to change its name it shall give written notice to the Central Bank of the proposed change of name.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank objects to a change of name it shall issue a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank does not object the proposed change of name under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  it shall publish that fact, together with the licence holder\rquote s\'94 or life insurance broker\rquote s new name, in the National Gazette.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 4. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Power to issue Notice or Direction.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 29.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Issue of Notice or Direction.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this section, \'93recipient\'94 means an entity receiving a notice or direction issued by the Central Bank, including, but not limited to, \'93a 
life insurance broker, a licence holder or an officer of a licence holder, a share holder controller or indirect controller, an auditor, actuary or legal representative engaged by a licence holder, and any service holder engaged by a licence holder.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Th
e Central Bank may issue a notice or direction to a recipient for the purposes of implementing, or ensuring compliance with, the provisions of this Act or any prudential standard, which notice shall state -
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the proposed action;  and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the reasons for the proposed action; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the rights of the recipient under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Prior to issuing a notice or direction under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , the Central Bank shall issue a preliminary notice, attaching the proposed notice or direction, to the intended recipient.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A recipient may, within a period of 28 days beginning on the day on which the preliminary notice or direction was given (preliminary notice period), make written representations to the Central Bank, and the Central Bank will t
ake into account those representations before making a final determination.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may, by written request to the recipient, require further information to be provided by the recipient prior to making a final determination.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 After expiration of the preliminary notice period, the Central Bank shall decide whether\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to proceed with the action proposed in the notice or direction; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 cancel the notice or direction,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
and shall notify the recipient, in writing, of its final determination and, except where the final determination is to cancel the notice or direction, the Central Bank shall state the reasons for its decision.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A final determination under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  shall have the effect of issuing the notice or direction on the recipient and such notice or direction shall take effect on and from the date of the final determination.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A notice or direction given under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 shall be given\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 within the period o
f 42 days beginning on the day on which the representations under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  were made to the Central Bank; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where no representations were made to the Central Bank under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, within a period of 35 days beginning on the day on which the notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  was given.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank issues a notice or direction under this section, the Central Bank\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
may cause the notice or direction to be published in the National Gazette, and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 may also cause notice of the notice or direction to be published in any other way it considers appropriate.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (10) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity which fails to comply with the requirements of a notice issued under this section is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 30.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Direction not grounds for denial of obligations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the fact that a licence holder is subject to a direction by the Central Bank under this Act is not a ground for any other party to a contract to which the licence holder is a party\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to deny any obligations under that contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to accelerate any debt under that contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to close out any transaction relating to that contract.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Regulations may prescribe circumstances under which }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  does not apply.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may publish in the National Gaz
ette notice of any direction made under this Division, and such notice shall include the name of the licence holder and a summary of the direction.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 31.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 No notice in cases of urgency.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 No notice need be given under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 prior to issuing a notice or direction where it appears to the Central Bank there is a significant risk to the interest of the policyholders of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 will state the reasons for which the Central Bank has acted and particulars of the rights conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A licence holder to which notice is given under this section may, within the period of 14 days beginning with the day on which the notice was given, make representations to the Central Bank.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 After giving a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and taking into account any representations made in accordance with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 the Central Bank shall decide whether\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to confirm or rescind its original decision; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to impose a different condition or direction.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall, within the period of 28 days beginning on the day on which the notice was given under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , give the licence holder concerned written notice of its decision under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , and except where the decision is to rescind the original decision, the notice shall state the reasons for the decision.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  is a decision to take action specified in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , the notice under }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall have the effect of imposing the condition or making the variation specified in the notice and with effect from the date on which it is given.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  is followed by a notice revoking its licence under this section, the latter notice shall have the effect of terminating any right to make representations under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 31A.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Power to give directions to non-licensed life insurance companies.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 31A Inserted by No. 6 of 2004, s. 2.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Sections\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 30}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 31}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  also apply i
n respect of a life insurance company that is not a license holder, modified as follows:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a reference in those sections to a license holder is a reference to the life insurance company;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the purpose for which a notice or direction may be issued include the purposes of ensuring the following:\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the prudent management of the life insurance company;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 that the interests of policy holders and prospective policy hodlers are properly protected,
\par }\pard\plain \ltrpar\s75\qj \li2977\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2977\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 and related purposes.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 5. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Information and Investigation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 32.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Central Bank to be supplied with certain documents.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A proposed alteration to the charter, deed of settlement, constitution, memorandum and articles of association or other consti
tuent document of the licence holder shall be submitted to the Central Bank for approval.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank does not approve the document submitted under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  it shall issue a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder, which fails to supply the information or document required by this section, is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 33.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Power to obtain Information and require production of documents.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by notice in writing served on a licence holder or officer of a licence holder\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
require the licence holder to provide the Central Bank, at such time as may be specified in the notice, with such information or documents as the Central Bank may reasonably require for the performance of its functions under this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 require the licence holder to provide the Central Bank with a report by an approved auditor on any matter which the Central Bank requires the licence holder to provide information under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 authorize an officer or agent of the Central Bank, on producing evidence of his authority, to require a licence holder to produce to him forthwith, such information or documents as specified in a notice under }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ,

\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
being information or documents the Central Bank may reasonably require for the performance of its functions under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may, by notice in writing served on an entity or an officer of an entity which appears to be in possession of them, require the production of documents referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , but where any entity from which such production is required claims a lien on documents produced by him, the production will be without prejudice to the lien.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The power under this section to require production of any documents includes powers\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where the documents are produced, to take copies of them or extracts from them and to require that licence holder entity, or an officer or any person who was at any time employed by or acting as an employee of, the licence holder entity in question to 
provide an explanation of any of them; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where the documents are not produced, to require the person who was required to produce them to state, to the best of his knowledge and belief, where they are.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where it appears to the Central Bank to be ne
cessary or desirable in the interests of policyholders, it may also exercise the powers conferred by this section in relation to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any body corporate which is or has at any relevant time been\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a holding company, subsidiary or related company of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a subsidiary or a related company of a holding company of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a holding company of a subsidiary of the licence holder ; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iv)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a body corporate which is a shareholder controller of the licence holder;  and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any other business including a partnership or joint venture of which that licence holder is or has been at any relevant time a participant.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by notice in writing served on an officer of a licence holder, require him to provid
e to the Central Bank, within such time as may be specified in the notice, such information or documents as the Central Bank may reasonably require for determining whether he is a fit and proper person to hold the particular position which he holds or is 
to hold.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may exercise the powers conferred by this section in relation to any person who is a shareholder controller or indirect controller of a licence holder where it appears to the Central Bank to be necessary or desirable in the int
erests of policyholders or potential policyholders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may exercise the powers conferred by this section in relation to any person where the Central Bank considers there is a contravention or a reasonable likelihood of a contravention of this Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person who, without reasonable excuse, fails to comply with a notice under this section, is guilty of an offence.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in this section may compel the production of a documents which is subject to legal professional privilege.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 34.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Right of Entry to Obtain Information.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An officer or agent of the Central Bank may, on producing evidence of his authority, enter any premises occupied by a person on whom a notice has been served under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Section\~33}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  for the purpose of obtaining the information or documents required by that notice and of exercising the powers conferred by this Part.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 35.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 No notice in case of urgency.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank has reasonable cause to believe that a notice served under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~33}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
would not be complied with; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that any documents to which the notice would relate, would be removed, tampered with or destroyed,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
an officer or agent of the Central Bank may, on producing evidence of his authority, enter, during daylig
ht hours, any business premises occupied by an entity on which such notice could be served, for the purpose of obtaining information or documents that could be required by such notice
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person, who intentionally obstructs an officer or agent of the Central Bank exercising rights conferred by this section, is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 36.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Investigation on behalf of the Central Bank.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where it appears to the Central Bank desirable to do so in the interests of policyholders or potential policyholders of a l
icence holder, the Central Bank may appoint one or more competent persons, by an instrument in writing, to investigate and report to the Central Bank on\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
he nature, conduct or state of a licence holder\rquote s business or any particular aspect of it; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the ownership or control of the licence holder,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
and the Central Bank shall give written notice of any such appointment to the licence holder concerned.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a person, appointed under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  thinks it necessary for the purposes of his investigation, he may also investigate\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the business of any body corporate which is or has at any relevant time been\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a holding company, subsidiary or related company of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a subsidiary or a related company of a holding company of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a holding company of a subsidiary of the licence holder ; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iv)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a body corporate which is a shareholder controller of the licence holder either alone or with any associated or associates, and is entitled to exercise or control the exercise of more than 15% of the voting power at a general meeting;  and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any other business including a partnership or joint venture in which that licence holder is or has been at any relevant time a participant.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a person, appointed under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  decides to investigate the business of any entity by virtue of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, he shall give written notice to the Central Bank and the entity to that effect.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 It shall be the duty of every person who is an officer, agent, banker, au
ditor or lawyer of an entity which is under investigation (whether by virtue of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , any person appointed to make a report in respect of that entity under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and anyone who is a shareholder controller or indirect controller in relation to the entity\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to produce to the person appointed under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 within such time and at such place as they may require, all documents relating to the licence holder concerned which are in his custody or power; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to attend before the persons so appointed, to answer questions in relation to the entity, at such time and place as they may require; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 otherwise to give those persons all assistance in connection with the investigation which he is reasonably able to give,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
and those persons may take copies of or extracts from any documents produced to them under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The foregoing provisions of this section shall apply to a former licence holder as they apply to a current licence holder.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purpose of exercising his powers under this section a person appointed under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 may enter any premises occupied by an entity which is being investigated by him under this section, but he shall not do so without giving prior notice in writing to that entit
y unless he has reasonable cause to believe that where such a notice were given any documents whose production could be required under this section would be removed, tampered with or destroyed.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A person exercising powers by virtue of an appointment under this section shall, where so required, produce a copy of the instrument of appointment as evidence of his authority.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity who\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
without reasonable excuse fails to produce any documents which it is his duty to produce under this section; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 without reasonable excuse fails to attend before the person appointed under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 when required to do so; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 without reasonable excuse fails to answer any question which is put to him by persons so appointed with respect to a licence holder which is under investigation or a body which is being investigated by virtue of this section; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 intentionally obstructs a person in the exercise of the rights conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 is 
guilty of an offence.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in this section can compel the production of a document which is subject to legal professional privilege.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 37.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Obstruction of Investigations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity which knows or suspects that an investigation is being or is likely to be carried out under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~36}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is guilty of an offence where it
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
falsifies, conceals, destroys or otherwise disposes of; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 causes or permits the falsification, concealment, destruction or disposal of,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
documents which it knows or suspects are or would be relevant to such an investigation, unless it proves that it had no intention of concealing facts disclosed by the documents from persons carrying out such an investigation.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person or an officer of an entity which\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 assaults, resists or
 obstructs or allows the assault, resistance or obstruction of an authorized officer or agent of the Central Bank in the exercise of his powers or the discharge of his duties under this Part; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 fails or refuses to answer any question put to it by an authorized officer or the Central Bank, or gives a false or misleading answer to any such question; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 fails or refuses to comply with a request of an authorized officer or agent; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 when required to furnish information under this Act by an authorized officer or agent\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 fails or refuses to give the information; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 gives false or misleading information; or
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
fails or refuses, without reasonable excuse (proof of which is on the  entity)\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 to produce any book, account or record that it is required to produce under this Act by an authorized officer or agent; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 to allow an authorized officer or agent to make copies of or take extracts from any such book, account or record; or

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
directly or indirectly prevents any person from appearing before or being questioned by an authorized officer or agent; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 uses any threatening, abusive or insulting language to an authorized officer or agent, while he is carrying out an authorized inspection under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 h}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in any other way obstructs the Central Bank\rquote s investigative powers under this section,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 38.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 False and Misleading Information.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
An entity, which knowingly or recklessly provides the Central Bank, an authorized officer or agent of the Central Bank or any other person with information which is false or misleading in a material particular, is guilty of an offence where the informat
ion is provided
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
in purported compliance with a requirement imposed by or under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 otherwise than as mentioned in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 but in circumstances in which the entity providing the information intends or could reasonably be expected to know, that the information would be used by the Central Bank for the purpose of exercising its functions under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 39.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duty to give Information.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder is under a duty promptly to provide the Central Bank with any information in its poss
ession where the licence holder knows or has reasonable cause to believe\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that the information is relevant to the exercise by the Central Bank of its functions under this Act in relation to the licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that the withholding of the information is likely to result in the Central Bank being misled as to any matter which is relevant to and of material significance for the exercise of those functions in relation to the licence holder.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person who is or has been\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
an officer of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an auditor of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an auditor of a body corporate in the licence holder\rquote s group; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an actuary of a body corporate in the licence holder\rquote s group; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person appointed to make a report under this Act,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is under a duty promptly to inform the Central Bank of any matter where he has reasonable cause for believing that\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder is insolvent, or there is a significant risk that the licence holder will become insolvent; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an existing or proposed state of affairs may materially prejudice the interests of policyholders of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In relation to an auditor referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , this subsection applied to any matter of which he becomes aware in his capacity as auditor and which relates to the business or affairs of the licence holder and any group to which it belongs.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In relation to an actuary referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , this subsection applies to any matter of which he becomes aware in his capacity as actuary and which relates to the business or affairs of the licence holder and any group to which it belongs.

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 No duty to which a p
erson specified in this section may be subject will be regarded as contravened by reason of his communicating in good faith to the Central Bank, whether or not in response to a request made by the Central Bank, any other information or opinion, which is r
elevant to any function of the Central Bank under this Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person, who contravenes this section, is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 40.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Action as a result of investigation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Following the conduct of an investigation and the issue of a written summary and conclu
sions under this Part, the Central Bank is entitled to issue directions as it determines necessary to overcome breaches of this Act or to protect the interests of policyholders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 41.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duty to notify the Central Bank of significant adverse events.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a
 licence holder, officer of a licence holder, actuary or auditor of a licence holder becomes aware of the occurrence of an event having a significant adverse effect on the financial position of a licence holder or any adverse effect on the interests of po
licyholders, the licence holder, officer, actuary or auditor shall give written notice to the Central Bank setting out particulars of the event, no later than the third business day after becoming aware of the event.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An event has a significant adverse effect where, as a result, policyholders\rquote 
 benefits will be materially written down in either the current or future accounting periods of the licence holder.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Contravention of this section is an offence under this Act.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 6. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Ownership and Control of Licence Holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 42.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Objections to shareholder controllers or indirect controllers or increases in stake by the Central Bank.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 No entity shall become a shareholder controller or an indirect controller of a licence holder or increase its stake in a licenc
e holder incorporated in Papua New Guinea beyond the maximum specified by the Central Bank pursuant to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  unless\~
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
notification has been provided to the Central Bank of the intention of the entity; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank has not issued a notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , within 14 days of receiving notification under }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ,  objecting to the entity becoming such a controller or increasing its stake.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may issue a notice of objection in accordance with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(b)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  where it considers\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that the entity does not meet the fit and proper criteria set out in Schedule 2; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that an officer of the entity does not meet the fit and proper criteria set out in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the interest of policyholders would be threatened by the entity becoming a shareholder controller or indirect controller or increasing its stake.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any notification under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 will lapse where the entity has not become a shareholder controller or indirect controller or increased its stake within one year.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 43.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Objections by the Minister in National Interest.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a notification specified in }
{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~42(1)(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is a notification of intention to become a shareholder controller or indirect controller of a licence holder; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a notification specified in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~42(1)(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 is a notification of intention to increase a stake in a licence holder beyond that permitted under this Part; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank becomes aware that an entity has become a shareh
older controller or an indirect controller of a licence holder or has increased its stake in a licence holder beyond that permitted under this Part, in either case without the required notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~42(1)(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank shall promptly notify the Minister.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 After receiving a notification from the Central Bank under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 , the Minister may direct the Central Bank to issue a notice of objection, with or without reasons, to the entity where it appears to the Minister that to do so would be in the national interest.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Minister may give reasons for a direction under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection
\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Minister may direct the Central Bank to require s
uch further information and documents as he may reasonably require in connection with the matter from the entity which is the subject of the notification.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any direction under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  shall be given before the end of the period of three months beginning on the day on which the notification from the Central Bank was received by the Minister and, where the Minister has directed the Central Bank under }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , before the end of whichever of the following first expires:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the period of thre
e months beginning with the day on which the additional information or documents are provided to the Minister;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the period of six months beginning with the day on which the notification was received by the Minister.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall promptly serve a notice of objection on that entity where directed by the Minister.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A notice of objection served under this section shall have the effect of terminating any right to make representations under }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 44.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Objections to Existing Shareholder Controllers and Indirect Controllers.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where it appears to the Central Bank that an entity who is a shareholder controller or an indirect controller of a licence holder does not or no longer meets the requirements set out in this Act to be such a controller, 
the Central Bank may, by written notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , object to it being such a controller.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 45.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Contraventions by Shareholder Controller and Indirect Controller.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, an entity who contravenes this Act by failing to give the notice required by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~42}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , is guilty of an offence.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity is not guilty of an offence under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  where it shows that it did not know of the acts or circumstances by virtue of which it became a shareholder controller or indirect control
ler, or increased its stake in the licence holder beyond the maximum permitted by the Central Bank, but where an entity becomes a shareholder controller or indirect controller or increases its stake without such knowledge and subsequently becomes aware of
 the fact it is guilty of an offence unless it gives the Central Bank written notice of the fact within 14 days of becoming aware of that fact.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 46.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Remedial Orders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The powers conferred by this section are exercisable where an entity has contravened thi
s part by becoming or continuing to be a shareholder controller or indirect controller or increasing its stake beyond the maximum specified by the Central Bank after being served with a notice of objection to its becoming or remaining a shareholder contro
ller or indirect controller or increasing its stake beyond the maximum specified by the Central Bank.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where an entity contravenes this Part by becoming or continuing to be a shareholder controller or increasing its stake beyond the maximum specified by 
the Central Bank, the Central Bank may, by notice in writing served on the entity concerned including any associate, direct that any specified shares to which this section applies shall, until further notice, be subject to restrictions as notified by the 
Central Bank including all or any of the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any transfer of, or agreement to transfer, those shares or, in the cases of unissued shares, any transfer or agreement to transfer the right to be issued with them shall be void;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 no voting rights shall be exercisable in respect of the shares;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 no further shares shall be issued in right of them or in pursuance of any offer made to their holder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 except in a liquidation, no payment shall be made of any sums due from the institution on the shares, whether in respect of capital or otherwise.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where an entity contravenes this Part by becoming or continuing to be an indirect controller, the Central Bank may, by written notice to that entity, require that entity to take such steps as are necessar
y to ensure that the entity ceases to be an indirect controller.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A copy of the notice served on the entity concerned under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsections\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  shall b
e served on the licence holder to whose shares it relates and, where it relates to shares held by an associate of that entity, on that associate.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Without prejudice to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsections\~(2)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , where an entity contravenes this Part, the National Court ma
y, on application by the Central Bank, make such orders as the Court considers appropriate for the purpose of ensuring that that situation ceases to exist.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Orders of the National Court under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  may include\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
in the case of a shareholder controller\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 an order directing the disposal of shares; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 an order restraining the exercise of any rights attached to shares; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 an order prohibiting or deferring the payments of any sums due to an entity in respect of shares held by the entity; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iv)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 an order that any exercise of rights attached to shares be disregarded; or
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
in the case of an indirect controller, an order to ensure the entity ceases to be an indirect controller.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not, by implication, limit }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In addition to the powers of the National Court under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsections\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , the Court\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
has power, for the purpose of securing compliance with any other order made under this section, to make an order directing any entity to do or refrain from doing a specified act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 has power to make an order containing such ancillary or consequential provisions as the Court thinks just.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The National Court may, before making an order under this section, direct th
at notice of the application be given to such entities as it thinks fit to be published in such manner as it thinks fit, or both.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (10) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The National Court may, by order, rescind, vary or discharge an order made by it under this section or suspend the operat
ion of such an order.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (11) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section applies\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to all the shares in the licence holder of which the entity in question is a shareholder controller which are held by it or any associate of it and were not so held immediately before becoming a shareholder controller of the licence holder ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where the entity in question became a shareholder controller of a licence holder as a result of the acquisition by it or any associate of it of shares in another body corporate, to all the shares in that body
 corporate which are held by it or any associate of it and were not so held before it became a shareholder controller of this licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 47.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Restructuring of Licence Holders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 It is an offence where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 licence holder\~\endash 

\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 enters into an arrangement or agreement for\~\endash 
\par }\pard\plain \ltrpar\s114\qj \fi-720\li2880\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs115\caps\fs24\insrsid9529396 (A)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 any sale or disposal of its business or a material apart of it by amalgamation or otherwise or;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs115\caps\fs24\insrsid9529396 (B)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the carrying on of business in partnership with another person; or
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 effects a reconstruction of the licence holder; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank did not give prior consent in writing.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any arrangement, agreement or reconstruction referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 , and any such sale or disposal or acquisition in pursuance of any such arrangement or agreement, entered into\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
without prior written consent of the Central Bank; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that is not in accordance with any condition attached to such consent,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is void and of no effect.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may withhold its consent unless the licence holder satisfies the Central Bank that the arrangement agreement or reconstruction would not be contrary to the interests of policyholders.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 7. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Prudential Supervision.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 48.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 The Central Bank may make prudential standards.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, in writing, determine prudential standards in relation to prudential matters to be complied with by\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder and life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a specified class of licence holders and life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 one or more specified licence holders or life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 shareholder controllers; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 indirect controllers.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A prudential standard may impose different requirements to be complied with in different situations or in respect of different activities.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The  Central Bank may at any time determine, vary or revoke a prudential standard.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A prudential standard\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 comes into force\~\endash 

\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 unless }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subparagraph\~(ii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  applie
s - on the day on which the determination of the prudential standard is made; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where that determination specifies a later day as the day on which the prudential standard comes into force - on the day so specified; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 continues in force until it
 is revoked.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the Central Bank shall circulate to all licence holders and shall publish in such manner as it thinks fit, each prudential standard, and any variation or revocation of such standard.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank co
nsiders that a prudential standard or any variation or revocation of a prudential standard contains commercially sensitive or confidential information\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank is not required to circulate or publish that information under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; but
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank may include some or all of that information in the circulation or publication under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  where the Central Bank considers it appropriate to do so.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A failure to comply with this section does not affect the validity of the variation or revocation of the prudential standard concerned.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 49.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Scope of Prudential Standards.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank may issue prudential standards applicable to the operation of licence holders, the officers of licence holders and life insurance agents and 
any other entity for the purposes of this Act, which it considers necessary to implement, and ensure compliance with, the provisions of this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 50.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Public Interest Provisions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Regulations may prescribe matters in relation to trade practices, disclosure of information to policyholders, pricing or consumer protection matters to be complied with by\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
licence holders and life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a specified class of licence holders or life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 one or more specified licence holders or life insurance agents; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 shareholder controllers; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 indirect controllers.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 51.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Part not to limit operation of other provisions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Nothing in this Part is intended to limit the operation of any other provision of this Act or of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Central Banking Act 2000}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 52.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Investment Guidelines.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank may issue and publish in the National Gazette investment guidelines in relation to the investments by licence holders, an
d such investment guidelines are binding on all licence holders in the management of life insurance business of a licence holder.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 8. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Duties of Licence Holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 53.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Responsibility for Appointees.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder that appoints an entity as a life
 insurance agent or any other entity to provide services to the licence holder is vicariously liable for the actions of the entity (whether or not those actions constitute an offence).
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 No provision, contained in the constitution of a licence holder or 
in any service contract entered into by the licence holder, may derogate or diminish the responsibilities of a licence holder under this Act, including the delegation by a licence holder of all or any of its powers or functions, whether to an officer or a
gent of the licence holder, to another licence holder or to a life insurance agent.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 54.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duty to keep and maintain register of policyholders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall establish and maintain a register of policyholders, which shall be kept at the registered office of the licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The register of policyholders referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  shall include the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
details of every policyholder of the licence holder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the type of life policy held by the policyholder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 total premiums paid by the policyholder;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other information the Central Bank may require as set out in the prudential standards.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 9. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Duties and Liabilities of Directors of Licence Holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 55.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duty of Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A director of a licence hol
der has a duty to its policyholders to take reasonable care, and use due diligence, to see that the investment, administration and management of the licence holder\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
complies with the provisions of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 complies with all relevant prudential standards issued by the Central Bank; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 gives priority to the interests of policyholders and prospective policyholders of the licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In order to avoid doubt, it is declared that, in the event of conflict between the interests of policy
holders and prospective policyholders and the interests of shareholders of a licence holder, a director\rquote 
s duty is to take reasonable care, and use due diligence, to ensure that the licence holder gives priority to the interests of policyholders and prospective policyholders over the interests of shareholders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A director of a licence holder does not commit a breach of duty because of the doing of an act by the licence holder where the licence holder is permitted by this Part to do the act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
in respect of any act or omission of a licence holder, a director of the licence holder is guilty of a breach of the duty imposed by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the act or omission of the licence holder results in a loss to the licence holder,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the director is liable to pay the licence holder an amount equal to the amount of the loss, as determined by a court of competent jurisdiction.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where two or more persons are liable under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  in relation to the same act or omission, the liability of those persons is joint and several.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An action under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  may be brought\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 by the licence holder; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 by the policyholders or shareholders of the licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 56.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Liability of Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where \~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank has given a notice to a licence holder in respect of a contravention of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the contravention has resulted in a loss to a statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder has failed to comply with the notice within the period specified in it,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the persons who were the directors of the licence holder when the contravention occurred are jointly and severally liable to pay the licence holder an amount equal to the amount of the loss as calculated by a court of competent jurisdiction.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 57.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 The Central Bank\rquote s power to sue in the name of the Licence Holders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where the Central Bank considers that it is in the interests of policyholders to do so, the Central Bank ma
y bring an action against a director in the name of the licence holder in the interests and for the benefit of the policyholders, for the recovery of an amount that the licence holder is entitled to recover.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 10. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Lodgement of Returns and Reports and Duty to Maintain Information.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 58.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Licence Holders to lodge Statistical Returns.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section \'93accounting period\'94 in relation to a licence holder means the period that is the accounting period for the licence holder under the }{
\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs103\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A license holder shall, within five months after the end of its accounting period, give to the Central Bank in respect of that period\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
returns, in a form in accordance with the relevant prudential standard;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a certificate by the directors of a licence holder, in the prescribed form\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 certifying the method used to value the property of the licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 identifying the property vested in the licence holder and the various statutory funds at the end of that period; and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 certif
ying compliance or, as the case may be non-compliance, by the licence holder and any life insurance agents appointed by the licence holder with the applicable prudential standards and the licence holder\rquote s investment strategy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by w
ritten notice, require a licence holder to lodge with a return to be lodged under this section, a report by an approved auditor, or such other person of a specified class, on specified matters.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 59.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Lodgement of Annual Statistical Returns.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall prepare and lodge statistical returns with the Central Bank in respect of its operations.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, a statistical return, is to be lodged in the form approved and for the period specified by prudential standard (the \'93reporting period\'94).
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 , the licence holder shall lodge statistical returns within one month of the end of the reporting period.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may extend the period of time for lodging the returns under this section by not more than two months.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 60.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Disclosure of Information to Policyholders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A licence holder shall provide to each of its policyholders, within five months of the end of the accounting period, information they reasonably require to enable them to make informed decisions to enter into, vary, continue or discontinue a life policy.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Policyholder statements issued in accordance with prudential standards shall contain all information required, including, but not limited to, premiums paid by an individual policyholder.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall, on request from a policyholder, provide access to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
reports or statements of any auditor;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 reports or statements of any actuary;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 written information on approved policies and procedures for the handling of policyholder inquiries, complaints and for the resolution of disputes;   and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 details of insurance or other indemnity arrangements in relation to loss, theft and fraud and;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an abridged version of the annual audit balance sheet and trading result; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a copy of the licence holder auditor statement, certification and any qualification made by the auditor.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person who fails to comply with this section is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 61.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Protection of Information.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall ensur
e that any service contract it enters into with a life insurance agent or another licence holder requires the agent or the licence holder, where applicable\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to provide appropriate information as to the making of, and return on, the investments of the licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to provide such information as is necessary to enable the licence holder to assess the capability of the life insurance agent;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other information to enable the licence holder to fulfil its obligations under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A service contract under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall also provide that the life insurance agent shall, on termination of the contract, immediately hand to the licence holder all information and documentation in respect of policyholders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a licence holder terminates a service contract referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  it shall provide written notice of that action to the Central Bank.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any provision of a service contract between a licence holder and a life insurance agent that purports
 to exempt the life insurance agent from liability for negligence, or to limit that liability, is void.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The provisions of this section apply to any service contract entered into between licence holders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity who intentionally or recklessly contravenes }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 62.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Administration and Accounting Standards of Licence Holders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Financial statements of a licence holder shall be prepared and audited by an approved auditor in accordance with the provisions of the }{\rtlch\fcs1 \ai\af42\afs24 
\ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  as modified by prudential standard.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder is not subject to audit by the Auditor General except in the exercise of the Auditor General\rquote s power under }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 3(3) of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Audit Act 1989}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall maintai
n proper accounting and administrative systems and arrangements for the benefit of policyholders until entitlements are paid out to policyholders.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In addition to any obligation to maintain records under any other law, a licence holder shall keep and ma
intain full and proper records relating to life insurance business including\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 minutes of meetings;  and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 changes to directors of licence holders and changes of names of licence holders;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 changes to life insurance agents and changes to names of life insurance agents;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 copies of all reports and disclosures to policyholder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 copies of annual financial reports, which shall be produced in audited form within three months of the end of any financial year.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 63.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Actuarial Investigations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall ensure that its approved actuary\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
investigates the financial condition of the licence holder every two years, at the end of the licence holder\rquote s accounting period and at any time required by the Central Bank, by written notice;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 gives to the licence holder a written financial condition report on the results of the investigation under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  within six months of the end of the investigation period.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The investigation under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall include\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the making of a valuation of a licence holder\rquote s policy liabilities; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an assessment, in relation to each statutory fund of a licence holder, of the extent to which a lice
nce holder has complied, during the financial year concerned, with a solvency standard and with any directions given to a licence holder under this Act.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 11. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Power to Appoint Statutory Manager.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 64.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Appoint of a Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a licenc
e holder informs the Central Bank that it considers that it is likely to become unable to meet its obligations to policyholders or other liabilities as they become due or is about to suspend payments to policyholders; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank considers that the licence holder is likely to become unable to meet its obligations or is about to suspend payment of entitlements to policyholders; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a licence holder becomes unable to meet its obligations or suspends payment of entitlements to policyholders; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a licence holder fails to implement or observe or breaches a prudential standard or a condition imposed on its licence such that, in the opinion of the Central Bank, the interests of the policyholders are materially threatened,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank may, by written notice, appoint a statutory manager to the licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 65.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Responsibilities of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank appoints a statutory manager the Central Bank will ensure that the statutory manager has control of the operations of the licence holder until
\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the following conditions are satisfied:\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 that suitable provisions have been made for the payment of entitlements to policyholders;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank considers that it is no longer necessary for the statutory manager to remain in control of the licence holder; or
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank determines in consultation with the statutory manager, if applicable, that the licence holder is insolvent and is unlikely to be returned to solvency within a reasonable time.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 On making a determination under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  the Central Bank shall request the statutory manager to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
arrange for the orderly transfer of the licence holder\rquote s property to another licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 apply to the court for the licence holder to be wound up under the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the requirements under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsections\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  are satisfied, the Central Bank may by instrument in writing terminate control 
of the licence holder by a statutory manager.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 66.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Powers and Functions of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A statutory manager has the powers and functions of the licence holder to which it has been appointed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A statutory manager may for the purposes of this Par
t require the licence holder or a person who has at any time been an officer of the licence holder to give the statutory manager information relating to the licence holder that the statutory manager requires.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder or any other person, who fails to comply with any requirement to provide information under }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , is guilty of an offence.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A statutory manager may on any terms and conditions that he considers appropriate, sell or otherwise dispose of the whole or any part of the property of the licence holder to protect the entitlements of the policyholders of the licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 67.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Liabilities and Duties of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a licence holder incurs any loss because of any fraud, dishonesty, gross negligence or wilful failu
re to comply with this Act by the statutory manager, the statutory manager is liable for the loss.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A statutory manager is not liable for a loss that is not a loss incurred because of fraud, dishonesty, gross negligence or wilful failure to comply with this Act.

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The statutory manager shall provide details of the loss in a written report to the Central Bank, but failure to do so does not make the statutory manager liable for the loss.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A statutory manager is not to be taken to be a director for the purposes of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 68.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 External Administrator in control \endash  additional duties.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A person who is an external administrator of a licence holder shall give to the Central Bank a written report showing how the control of the licence holder is being carried out where the Central Bank requests that such a report be provided to it.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A per
son who is an external administrator of a licence holder shall on termination of his appointment, give to the Central Bank a written report showing how the control of the licence holder was carried out over the period of the external administrator\rquote 
s appointment.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank may give an external administrator of a licence holder a direction relating to the control of the licence holder and may alter such direction and where a direction (including an altered direction) is given to an external adminis
trator, the external administrator shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
act in accordance with the direction; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 immediately provide to the Central Bank information relating to the control of a licence holder and request the Central Bank to alter the direction.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where an ex
ternal administrator of a licence holder requests the Central Bank to alter a direction and the Central Bank after considering the request confirms the direction, the external administrator shall act in accordance with the direction.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 69.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Termination of Appointment of External Administrator.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where an external administrator of a licence holder contravenes a requirement under this Act, the Central Bank may terminate the appointment of the external administrator.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The terms and conditions of the appointment of the external administrator may provide for termination in circumstances in addition to those mentioned in }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 70.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Effect on external administrator of appointment of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The appointment of an external administrator of a licence holder is terminated when a statutory manager takes control of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An external administrator of a licence holder shall not be appointed while a statutory manager is in control of a licence holder unless the Central Bank appr
oves the appointment.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where a person purports to act as an external administrator of a licence holder after the appointment of a statutory manager to that licence holder the acts of the external administrator are invalid and of no effect.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Centr
al Bank will inform the external administrator of a licence holder that a statutory manager will take control of the licence holder as soon as possible after the decision that a statutory manager will take control of a licence holder is made, but failure 
to inform the external administrator does not affect the operation of this section.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 71.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Effect of legal proceedings of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person cannot begin or continue a proceeding in a court against a licence holder while a statutory manager is in control of a licence holder unless\~\endash 

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the court grants leave on the ground that the person would be caused hardship if leave were not granted; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank consents to the proceedings beginning or continuing.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person intending to apply for leave of the court under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  shall give the Central Bank at least 10 days notice of the intention to apply, and the Central Bank may apply to the court to be joined as a party to the proceedings for leave.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section, a reference to 
a proceeding against a licence holder includes a reference to a cross claim or third party claim against a licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 72.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Statutory Manager in control not grounds for denial of obligations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the fact that a statutory manager has been appointed to a licence holder is not a ground for any other party to a contract to which the licence holder is a party\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to deny any obligations under that contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to accelerate any debt under that contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to close out any transaction relating to that contract.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Regulations may prescribe circumstances under which }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  does not apply.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 73.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Costs of Statutory Manager.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The costs incurred by the Central Bank (including costs in the nature of remunera
tion and expenses) of appointing a statutory manager to control a licence holder are payable from the funds of the licensed holder and are a debt due to the Central Bank.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 74.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Central Bank to give notice of Statutory Management.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where the Central Bank appoints a statutory manager or terminates his appointment the Central Bank shall cause a notice of the appointment or termination to be published in the National Gazette.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 12. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Provisions relating to Statutory Funds of licence holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 75.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Requirement that licence holders have statutory funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
at all times have at least one statutory fund in respect of its life insurance business but may have more statutory funds if it chooses to do so, subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 if it carries on life insurance business outside Papua New Guinea, have at least one statutory fund exclusively in respect of that business.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 75 Subsection (2) omitted by No. 2 of 2002, s. 7.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 [}{\rtlch\fcs1 
\ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Repealed}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .]
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall obtain the approval of the Central Bank to establish a new statutory fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 76.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duty of a licence holder in relation to Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In the investment, administration and management of the property of a statutory fund, a licence holder
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
shall comply with this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 shall give priority to the interests of policyholders of a statutory fund.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An act or decision of a licence holder in relation to a statutory fund does not contravene }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection
\~(1)(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  where, having rega
rd to the circumstances existing at the time of the act or decision, it is reasonable to believe that the act or decision gives priority to the interests of policyholders of a statutory fund.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An investment by a licence holder is not ineffective merely because it is made in contravention of the }{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A reference in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 to the interests of policyholders of a statutory fund is a reference to the interests of such persons viewed as a group.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  prevents a licence holder doing anything that a licence holder is permitted to do by this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 77.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Notice to the Central Bank when fund established.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Whenever a licence holder establishes a statutory fund otherwise than under this Act the licence holder shall give the Central Bank written notice of\~\endash 

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the establishment of the statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the date on which the statutory fund was established; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the nature of the life insurance business of a licence holder to which the statutory fund relates; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 such other matters as are prescribed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall be given in accordance with the regulations.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 78.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Property of Statutory Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 For the purposes of this Act, the property of a statutory fund at a particular time are the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the balance of money represented by amounts credited to the statutory fund in accordance with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~80}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the property of the licence holder obtained as a result of the expenditure or application of money credited to the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the investments held by the licence holder as a result of the expenditure or application of money credited to the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 other money, property or investments of the licence holder transferred to the statutory fund, whether under this Act or otherwise.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 79.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Identification of policies referable to Statutory Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A policy shall specify the statutory fund or statutory funds to which the policy is referable.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A policy document shall not make provision inconsistent with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A provision in a policy document that a policy is referable to two or more statutory funds is not effective unless it specifies
\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the benefits under the policy that are to be provided out of each statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 either\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the proportion of the premium that is related to the benefits to be provided out of each fund and is to be credited to the fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the way in which that proportion is to be calculated.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prevent a policy document being endorsed so as to change the statutory fund or funds to which the policy is referable, provided the written consent of the Central Bank is first obtained.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the statutory fund or funds to which a policy is referable is changed in accordance with }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~82}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall be complied with.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any consent granted by the Central Bank under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  may be subject to such conditions as considered appropriate by the Central Bank in its absolute discretion.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 80.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Payments to Statutory Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The following amounts shall be credited by a licence holder to a statutory fund:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
premiums payable under life policies referable solely to the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in the case of a policy that is referable to the statutory fund and one or more other statutory funds, the proportion of the premium that, by virtue of a provision in the policy document, is to be credited to the statutory fund;

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 amounts paid to a licence holder in relation to a liability under this Act in relation to the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 income from the investment of property of the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 money paid to or by a licence holder under a judgement of a court relating to any matter concerning the business of the statutory fund or any failure to comply with this Part in relation to the statutory fund;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other money received by a licence holder in connection with its conduct of the business of the statutory fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 81.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Capital Payments to Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in this Act prevents a licence holder from making a capital payment to a statutory fund.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this Act, a licence holder makes a capital payment to a statutory fund where it credits to the fund an amount that
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
is not required to be credited to the statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 does not represent any part of the property of another statutory fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 82.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Expenditure and Application of Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall not apply, or deal with, property of a statutory fund, whether directly or indirectly, except in accordance with this section.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The property of a statutory fund may only be applied\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to meet liabilities (including policy liabilities) or expenses incurred for the purposes of the statutory fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 for the making of investments in accordance with this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 for the purposes of a distribution under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part\~13}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Except as permitted under this Act or regulation, a licence holder shall not mortgage or charge any of the property of a statutory fund\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to obtain financial accommodation; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 or for any other purposes.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Except as permitted under this Act, a licence holder shall not obtain financial accommodation, for the purposes of the business of a statutory fund.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The property of a statutory fund is not available to meet a liability of a licence holder under a contract of guarantee unless
\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the contract of guarantee was entered into by a licence holder in connection with an investment by the licence holder of property of the statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the investment was made in accordance with this Part.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Unless otherwise approved by the Central Bank nothing in this section applies to the transfer of property from one statutory fund to another.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 83.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Prohibition of Reinsurance Between Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In order to avoid doubt, it is declared that a licence holder contravenes this Part where it engages
 in the practice of reinsurance between statutory funds of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 the practice of reinsurance between statutory funds consists of the following elements:-
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
part of the premium payable under a policy referable to one statutory fund is credited to another statutory fund to which the policy is not referable (\'93the reinsuring fund\'94);
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a corresponding proportion of the liability under the policy is treated as a liability for the discharge of which the property of the reinsuring fund is available.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 84.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Effect on Non-Compliance with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\caps\fs24\insrsid9529396 Section\~82}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \caps\fs24\insrsid9529396 ..
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 a transaction entered into in contravention of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~82}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is of no effect.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Court, on
 application by a party to the transaction, may make an order declaring that the transaction is effective, and is to be taken always to have been effective, for all purposes.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 85.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Investment of Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The general rule regarding investment of p
roperty of a statutory fund is that a licence holder may invest such property in any way that is likely to further the business of the statutory fund.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The general rule stated in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 is subject to the following qualifications:-
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 all invest
ments of statutory funds shall be conducted at arm\rquote s length;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 all property of a licence holder shall remain unencumbered; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 prudential standards may prescribe restrictions on investments.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in this Act\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 authorizes a licence holder t
o make an investment a licence holder would otherwise be prohibited from making; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 authorizes a licence holder to make an investment a licence holder would not otherwise have power to make; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 except with the approval of the Central Bank, authorizes a licence holder to invest property of a statutory fund in a related company that is not a subsidiary of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 authorizes a licence holder to invest property of a statutory fund, o
r keep such property invested, in a subsidiary of a licence holder where the investment, or the retention of the investment, as applicable, is prohibited by this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)(c)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (d)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  prevents a licence holder investing property of a
 statutory fund, or keeping such property invested, in ordinary voting shares of listed corporations related to a licence holder (whether or not they are subsidiaries) where the total value of the property of the statutory fund so invested does not exceed
 the percentage provided under a prudential standard.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A transaction is not ineffective merely because it involves a contravention of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(3)(c)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (d)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Nothing in this section\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
prevents a licence holder from investing money of a statutory fund by way of deposit with a bank; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 requires the approval of the Central Bank for such an investment.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this Part, an investment by way of a loan is to be taken to be made when the loan agreement is entered into.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 86.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Reporting of Restricted Investments.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Every licence holder shall give the Central Bank a restricted investments return in relation to each half-year.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A restricted investment is an investment in a related company.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A half-year, in relation to a licence holder is\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a period of six months that commences on the first day of a financial year of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a period of six months that immediately follows a period referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A restricted investments return is a return setting out the particulars as required by prudential standards of each restricted investment\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
current at the end of the half-year to which the return relates; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 made by a licence holder during that half-year but not current at the end of the half-year.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A restricted investments return shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
be in accordance with the form prescribed by prudential standards; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 be given to the Central Bank within such time as is fixed by prudential standards.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 87.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Transfer of Property Between Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall not transfer property from one statutory fund to another statutory fund or to itself except in accordance with this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may transfer property from one statutory fund (\'93the losing fund\'94) to another statutory fund (\'93the gaining fund\'94) where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder transfers from the gaining fund to the losing fund an amount equal to the fair value of the property; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in relation to the owners of policies referable to the losing fund and the gaining fund, the transfer is fair and reasonable in all the circumstances.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the fair value of property is the price a person could reasonably be expected to pay for the property on a sale in which the seller and buyer were dealing with each other at arm\rquote s length.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prevent a liquidator doing anything authorized or required by or under this Act or any other law of Papua New Guinea.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any transfer allowed under this section can only be made on prior approval from the Central Bank.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 88.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Restriction on Restructure or Termination of Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall not\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
change the statutory fund or funds to which a policy is referable; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 terminate a statutory fund except in accordance with this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prevent a liquidator doing anything authorized or required by or under this Act or any other law of Papua New Guinea.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 89.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Ascertainment of Income and Outgoings of a Statutory Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank may issue a prudential standard in respect to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
what constitutes income of a statutory fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 what constitutes outgoings of a statutory fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 90.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Restructure of Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a licence holder wishes to restructure i
ts statutory funds by making one or more policies that are referable to a statutory fund or funds (transferring fund or funds) become referable to another, whether existing or proposed (receiving fund or funds), it shall apply to the Central Bank for appr
oval, and such application shall be in accordance with prudential standards.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall not approve an application under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  where it considers the restructure will result in\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any transferring or receiving fund not satisfying the solvency standard; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 unfairness to the policyholders, considered as a group, referable to a transferring fund or a receiving fund.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where, as a result of the restructure, one or more of a licence holder\rquote 
s existing statutory funds is proposed to be terminated, the Central Bank shall ensure that all liabilities of the fund or funds are settled and that all property are distributed from the fund or funds and are applied fairly.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall not approve an application for a restructure of a licence holder\rquote 
s statutory funds where a licence holder is being wound up when the application is made.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 91.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Additional Requirements for Transfer of Policies between Statutory Funds by Endorsement.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section, \'93liabilities\'94, in relation to a licence holder, means\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 policy liabilities; and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 reserves; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other liabilities of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder has more than one statutory fund in respect of its life insurance business; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 because of an endorsement, either\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a policy has ceased to be referable to one of those funds and becomes referable to another fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a policy referable to one or more of those funds had become referable to a further fund or funds,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder shall transfer to each fund to which the policy has become referable property of a value equivalent to such part of the liabilities (including policy liabilities) of a licence holder as is ascertained in accordance with prud
ential standards.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where, because of an endorsement as referred in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a policy that is referable to a statutory fund becomes referable to another statutory fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a policy that is referable to one statutory fund becomes referable to two or more statutory funds,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder concerned must give notice to the owner of the policy in accordance with prudential standards.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 13. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Financial Management of Licence Holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 92.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Treatment of Income or Outgoings relating to two or more Statutory Funds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where an amount of income or outgoings of a licence holder relates to the business of two or more statutory funds, a licence holder shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
apportion the amount so as to determine what part of the amount relates to each fund; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 include in its records relating to each fund the part of the amount that relates to that fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 93.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Basis of Apportionment.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An apportionment for the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~92}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  shall be made\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 on an equitable basis; and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 according to generally accepted accounting principles; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 after the appointed actuary\rquote s written advice that the basis of the proposed apportionment is appropriate, has been obtained; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 supported by the report given by the approved auditor stating that the apportionment has been made equitably and in accordance with generally accepted accounting principles.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 94.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Treatment of Appreciation and Depreciation of Property.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where a licence
 holder treats property as having appreciated or depreciated, a licence holder shall, for the purposes of this Part, treat the amount of the appreciation or depreciation as an amount of income or outgoing, as the case may be.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 95.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Obligation to Allocate Surplus.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
Where financial statements given by a licence holder to the Central Bank under this Act disclose the business of a statutory fund has a surplus for the period to which the statements relate, a licence holder shall allocate the surplus.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 96.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Surplus.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where the statutory fund supports participating business, the full value of the surplus shall be distributed to policyholders and any shareholder capital account on a }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid9529396 pari passu}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  basis.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the statutory fund supports non-participating business, the full value of the surplus must be allocated to an unappropriated surplus account.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 97.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Distribution of Unappropriated Surplus.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The distribution of unappropriated surplus of a statutory fund that supports non-participating policies shall be in accordan
ce with the following rule that unappropriated surplus accounts may be\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 transferred to shareholders
\rquote  funds; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 transferred to another statutory fund of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A distribution of unappropriated surplus of a statutory fund may only be made after the directors of a licence holder have received the appointed actuary\rquote 
s written advice as to the likely consequences of the proposed distribution.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A distribution of unappropriated surplus of a statutory fund shall not be made where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the distribution would have the result that the solvency and capital adequacy prudential standards would not be satisfied in relation to the fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the distribution would involve a contravention of a direction given by the Central Bank under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in the case of a distribution of unappropriated surplus account, the distribution would involve a contravention of regulations made for the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Regul
ations may prohibit the distribution of unappropriated surplus unless the distribution is in accordance with specified requirements relating to the distribution of unappropriated surplus accounts.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 98.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Distribution of Shareholders Capital.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A distribution of shareholders capital in relation to a statutory fund\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
may only be made after the directors of a licence holder concerned have received the appointed actuary\rquote s written advice as to the likely consequence of the proposed distribution; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 shall not be made where\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the distribution would have the result that the solvency and capital adequacy prudential standards would not be satisfied in relation to the fund; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the distribution would involve a contravention of a direction given by the Central Bank under this Act.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 14. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Appointment, Duties and Liabilities of Auditors and Actuaries of Licence Holders.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 99.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Appointment.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, a licence holder shall have an appointed actuary.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Within 30 days after a person ceases 
to be the appointed actuary of a licence holder, a licence holder shall appoint another person to be the appointed actuary of the licence holder.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Only a person eligible for appointment as the appointed actuary of a licence holder may hold such an appointment.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person is eligible for appointment as the appointed actuary of a licence holder where that person is\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a Fellow (or the equivalent s
enior class of fellowship) of a prescribed Association of Actuaries; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 has been such a Fellow for at least five years; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 is not less than 30 years of age.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An appointment of a person as appointed actuary of a licence holder cannot take effec
t while there is in force an appointment of another person as the appointed actuary of that licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 100.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Cessation of Appointment.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person ceases to hold an appointment as the appointed actuary of a licence holder where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the person ceases to be eligible for such an appointment; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the person gives a licence holder a written notice of resignation of the appointment; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a licence holder gives the person written notice that the appointment is terminated.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person who, apart from this subsection, would be eligible for appointment as a licence holder\rquote 
s appointed actuary is not so eligible where there is in force a declaration by the Central Bank under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, in writing, declare that a person is not eligible for appointment as a licence holder\rquote 
s appointed actuary where the person has failed to perform adequately and properly the functions and duties of an appointed actuary under this Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A declaration under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  takes effect on the day specified in the declaration, which day shall be not later than 30 days after the date of the declaration.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall give a copy of a declaration under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  to the person to whom it relates.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 101.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Notification of Appointment etc.,.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder that appoints a person under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~99}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  shall give the Central Bank written notice of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the name of the person; and

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 details of the actuarial qualifications and experience of the applicant; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the date of the appointment; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other matter prescribed by the regulations.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 shall be given within 14 days after the day of the appointment.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a person ceases to be the appointed actuary of a licence holder, 
a licence holder shall give the Central Bank written notice, within 14 days after the day on which the person ceased to be the appointed actuary, that the person has so ceased and of the date on which he so ceased.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 102.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Duties of the Appointed Actuary.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The appointed actuary of a licence holder shall, without limiting the functions he might be called upon by a licence holder to perform\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
undertake the annual actuarial investigations and any additional actuarial valuations and provide financial condition reports as required by this Act;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 provide advice to the directors of a licence holder regarding distribution of unappropriated surpluses and shareholders\rquote  capital as required by this Act;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 provide advice to the directors of a licence holder regarding the appropriateness of the apportionment of certain income and outgoings as required by this Act;  and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 provide actuarial advice to a licence holder regarding policies to be issued by a licence holder as required by this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other requirements necessary or convenient for giving effect to this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The appointed actuary of a licence holder, in the performance of his duties and the exercise of his powers, shall comply with the generally accepted actuarial standards and principles.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 103.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Powers of Appointed Actuary.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The appointed actuary of a licenc
e holder is entitled to have access to any information or document in the possession, or under the control, of a licence holder where such access is reasonably necessary for the proper performance of the functions and duties of the appointed actuary.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 T
he appointed actuary of a licence holder may require any officer or employee of a licence holder to answer questions or produce documents for the purpose of enabling the appointed actuary to have the access to information and documents provided for by }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
An officer or employee of a licence holder shall not refuse or fail, without reasonable excuse, to comply with a requirement under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The appointed actuary of a licence holder is entitled to attend a meeting of the director
s of a licence holder and to speak on any matter being considered at the meeting\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that relates to, or may affect the solvency of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that relates to advice given by the appointed actuary to the directors; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that concerns a matter in relation to which the appointed actuary will be required to give advice.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The appointed actuary of a licence holder is entitled to attend\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any annual general meeting of policyholders of a licence holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other meeting of policyholders of a licence holder at which a licence holder\rquote 
s annual account or financial statements are to be considered or at which any matter in connection with which the appointed actuary is or has been subject to a duty under this Act is to be considered.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 104.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Actuary\rquote s Obligation to Report to the Central Bank.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The appointed actuary of a licence holder shall draw to the attention of a licence holder, or of the directors or an officer of a licence holder, any matter that comes to the atte
ntion of the actuary and that the actuary thinks requires action to be taken by a licence holder or its directors\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to avoid a contravention of this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to avoid prejudice to the interests of the owners of policies issued by a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the appointed actuary of a licence holder is of the opinion\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that there are reasonable grounds for believing that a licence holder or a director of a licence holder may have contravened this Act or any other law; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that the contravention is of such a nature that it may affect significantly the interests of the owners of policies issued by a licence holder,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the appointed actuary shall inform the Central Bank in writing of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 his opinion; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the information on which it is based.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the appointed actuary of a licence holder has drawn to the attention of a licence holder, or of the directors of an officer of a licence holder, a matter that the actuary is of the opinion requires action to be taken by a licence holder or its directors\~
\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 to avoid a contravention of this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 to avoid prejudice to the interests of owners of policies issued by a licence holder; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the appointed actuary is satisfied that there has been reasonable time for the taking of the action but the action has not been taken,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the appointed actuary shall inform the Central Bank in writing of the matter referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the appointed actuary of a licence holder is of the opinion that\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the directors of a licence holder have failed to take such action as is reasonably necessary to enable the actuary to exercise his right under this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an officer or employee of a licence holder has engaged in conduct calculated to prevent the appointed actuary exercising his rights under this Act,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the appointed actuary shall inform the Central Bank in writing of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 his opinion; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the information on which it is based.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a person becomes subject to an obligation under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  or }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 
(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  to inform the Central Bank of anything; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 before the person informs the Central Bank, the person ceases to be the appointed actuary of a licence holder concerned,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the person remains subject to the obligation as if he were still the appointed actuary of a licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 105.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Qualified Privilege of Appointed Actuary.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person who is, or has been, the appointed actuary of a licence holder has qualified privile
ge in respect of any statement, whether written or oral, made by him for the purpose of the performance of his functions as appointed actuary of a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In particular (and without limiting }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 ), a person who is or has been the appointed actuary of a licence holder has qualified privilege in respect of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
any statement, written or oral, made by him under, or for the purposes of, a provision of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the answer to any question he is required by the Board of a licence holder to answer.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The privilege conferred by this section is in addition to any privilege conferred on a person by any other law.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 15. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Provisions and Contractual conditions relating to Life Policies.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 106.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Insurable Interest Not Required.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A contract of life insurance is not void by reason only that the insured did not have, at the time when the contract was entered into, an interest in the subject matter of the contract.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 107.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Effect of Suicide on Policy.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A licence holder may only avoid a life policy on the ground that the person whose life is insured by the policy committed suicide where the policy expressly excludes liability in case of suicide.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 108.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Conditions to War risk Void.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, any term or condition of a life policy is void where it limits, to an amount less than the total of the sum insured and bonuses, the amount payable under the policy where the life insured by the policy dies on war service.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not 
apply where there is written in the policy document an acknowledgment signed by the person to whom the policy was issued that the policy is subject to the term or condition.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 109.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 The Insured\rquote s Party of Disclosure.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An insured has a duty to disclose to a lic
ence holder, before a life contract is entered into, every matter known to the insured that he knows to be relevant to the decision of a licence holder whether to accept the risk and if so on what terms.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 110.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Licence Holder to Inform of Duty of Disclosure.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall, before a life contract is entered into, inform the insured of the general nature and effect of the duty of the disclosure by the insured.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Regulations may prescribe how a licence holder is to comply with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 111.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Remedies for Non Disclosure or Misrepresentation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where an insured under a life contract failed to comply with the duty of disclosure or made a misrepresentation to a licence holder before the contract was entered into, a licence holder may\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 where th
e failure was fraudulent or misrepresentation made fraudulently, avoid the contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where a licence holder would not have been prepared to enter into a life contract on any terms if the duty of disclosure had been complied with or the misrepresentation not made, avoid the contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where a licence holder has not avoided the life contract within three years after the contract was entered into, vary the contract by substituting for the sum insured including bonuses of an amount which a licence 
holder would have provided under the contract had it been prepared to enter into the contract on different terms.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 112.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Interest on Claims.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a licence holder is liable to pay an amount under a life contract, it is also liable to pay interest on tha
t amount for the period between the day it became unreasonable for it not to have paid the amount to the day it made the payment.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The amount of interest payable is to be determined in accordance with the regulations.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 113.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Cooling off period.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An insured
 has the right within 14 days of receiving a policy document to cancel the contract and a licence holder is liable to repay to the insured all amounts paid by the insured to a licence holder under the contract, subject to deducting the amount of any tax p
aid or payable by a licence holder under that contract.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 114.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Reasons for Non Acceptance to be given.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a licence holder declines an offer by a prospective insured to enter into a life contract or offers life insurance cover to the insured on terms t
hat are less advantageous to the insured by the reason of some special risk\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
relating to the insured or to the subject matter of the contract; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 relating to the life to be insured, the licence holder shall, where requested to do so in writing, give a statement of reason in writing for its decision.
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder shall, where requested to do so in writing, give a statement of reason in writing for its decision.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the insured is not the life insured\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not apply if the only reason for the decision of a licence holder is related to the state of health of the life insured; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 no reference to the state of health of the life insured may be given in any statement under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 where the decision of a licence holder was not solely related to the state of health of the life insured.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 115.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Surrender Values.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A policyholder may request, in writing to the licence holder, that a life policy be surrendered where the life policy\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
does not include a contractual obligation for payment of any premiums after the first year; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 has been in force for at least three years; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 is not a policy of a class of policies declared by the regulations as exempt; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 is not a policy of a class of policies subject to specified modifications as declared by the regulations.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder which has received a request under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  shall pay to the policyholder, the surrender value of the policy less the amount of any debt owed to a licence holder under, or secured by, the policy.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The surrender value of a life policy at a particular time is the amount calculated in accordance with the regulations.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 116.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Relaxation of a Licence Holder\rquote s Obligation to Surrender.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may apply to the Central Bank for the suspension or variation of its obligation to make payments under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Section\~115}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the Central Bank thinks that such payments would prejudice\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the financial stability of a licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the interests of the policyholders of a licence holder,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank may, in writing, suspend or vary a licence holder\rquote s obligation to pay the surrender values for such period as the Central Bank thinks fit.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A suspension or variation may be subject to such conditions as the Central Bank thinks fit.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 117.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Paid-up Policies.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the premiums under a policy have been paid in respect of a period of at least three years, the policyholder may request, in writing, a licence holder concerned
\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to vary the policy so that no further premiums are payable; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to treat the policy as a paid-up policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 On receiving a request under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 , a licence holder shall vary the policy by reducing the amount payable under the policy to an amount calculated in accordance with the regulations.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where at the time of a request under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , there is a debt owed by the policyholder to a licence holder under the policy or secured by the policy, a licence holder may either\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
treat the debt as a debt secured by the paid-up policy; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 discharge the debt by calculating the reduced amount payable under the policy by taking the debt into account in accordance with the regulations.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 118.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Non-forfeiture of policies in certain cases for non-Payment of Premiums.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A policy is not liable to be forfeited only because of the non-payment of a premium (the overdue premium) where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 at least three years\rquote 
 premiums have been paid on the policy; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the surrender value of the policy, calculated as at the day before the overdue premium is due, exceeds the total of\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the amount of the overdue premium; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the total of any other amounts owed to a licence holder under, or secured by, the policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
An overdue premium is a debt owing to a licence holder under the policy and until it is paid, a licence holder may charge interest on it on terms not less favourable to the policyholder than such terms (if any) as are prescribed by the regulations.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may only forfeit a policy because of the non-payment of a premium where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a licence holder has given the policyholder a written notice\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 setting out the amount of the premium and the day on which it became, or will become, due; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
stating that the policy will be forfeited at the end of 30 days after the giving of the notice or 30 days after the day on which the premium became, or will become, due, whichever is the later if the amount due to a licence holder has not been paid; and

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
at least 30 days have elapsed since:
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the day on which the notice was given; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the day on which the premium became due,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
whichever is the later.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 119.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Assignment of Policy.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The rights of a person as owner of a life policy may only be assigned at law under this section.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An assignment is not effective at law unless the following requirements have been satisfied:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the assignment shall be by memorandum of transfer in accordance with, or substantially in accordance with, the form prescribed by the regulations;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the memorandum shall be endorsed on the life policy document or on an annexure to the life policy document that is referred to in the policy document or in another annexure to the life policy document;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the memorandum shall be signed by the transferor and the transferee;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the assignment shall be registered in a register of assignments kept by the licence holder concerned;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the date of registration shall be inserted in the memorandum;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the memorandum shall be signed by the principal executive officer of the licence holder or by a person authorised by the principal executive officer to sign such memoranda.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where all the requirements of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  are satisfied, an assignment has the following effects at law:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the transferee has all the rights and powers, and is subject to all the liabilities, of the transferor under the life policy;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the transferee may sue in his own name on the life policy;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 payment to the transferee of money due under the life policy discharges the licence holder from all liability under the life policy in respect of the money;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the memorandum of transfer is conclusively presumed to have been registered in accordance with }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 on the date shown in the memorandum;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 as between the licence holder and a person claiming money under the policy
, the transferee is conclusively presumed, for all purposes, to have been the absolute owner of the policy at the time of registration of the assignment, free from all trusts, rights, equities and interests, and entitled to receive the money and give a go
od discharge for it;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any security over the policy given by the transferee is effective in spite of any trust or any right, equity or interest of another person;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the surrender of the policy by the transferee is effective in spite of any trust or any right, equity or interest of another person;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 h}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the licence holder, in respect of any dealing it has with the transferee, is not required or concerned to inquire as to the circumstances in which, or the consideration for which, the policy was assigned to 
the transferee or any previous transferee;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 i}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~121}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the licence holder, in respect of any dealing it has with the transferee, is not affected by express, implied or constructive notice of any trust, right, equity or interest.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An assignment under this section does not\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
make the transferee a policyholder of the licence holder; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 deprive the transferor of membership of the licence holder in respect of the policy,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
except in accordance with the licensed holder\rquote s constitution.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The rights and liabilities under a policy are not merged or extinguished, either at law or in equity, merely because the policy is assigned, whether  at law or in equity, to the licence holder that issued the policy.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder is not obliged to register an assignment under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(2)(d)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  where the licence holder is required or permitted, by another law of Papua New Guinea, to refuse to register the assignment.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section does not prejudice the effect in equity of an assignment of the
 rights of a person as owner of a policy that is made otherwise than under this section.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 120.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Protection of Interest of Insured.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The rights and interests of a person under\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a life policy effected on his life; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a life policy effected on the life of the person\rquote s spouse,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
are not liable to be applied or made available by any judgment, order or process of a court in discharge of a debt owed by the person.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  applies\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 regardless of when a policy w
as issued; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in the case of a policy referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(a)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  \endash 
 whether or not the policy is owned by the person.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 121.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Protection of Policy Money on Person\rquote s Death.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where, on the death of a person, money becomes payable to the person\rquote s estate under a policy effected on the person\rquote 
s life, the following provisions apply:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 except as permitted by }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , the money is not liable to be applied or made available\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 under any judgment, order or process of a court; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 in any other manner whatsoever, in payment of the person\rquote s debts;
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the money may be applied in payment of a debt of the person where\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the person had entered into a contract that provided expressly for the money to be so applied; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the person had charged the money with the payment of the debt; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the person gave an express direction, in his will or other testamentary document signed by the person, that the money be so applied;
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
none of the following constitutes an express direction for the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Paragraph\~(b)(iii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 :\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a mere direction that debts be paid;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 a charge of debts on the whole or a part of the person\rquote s estate;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the creation of a trust for the payment of debts.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section has effect regardless of when a policy was issued.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 122.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Probate or Administration not necessary in certain cases.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
there is only a single policy under which money is payable by a particular licence holder to the personal representative of a deceased person;  or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 there are two or more policies under which money is payable by a particular licence holder to the personal representative of a deceased person; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the total of the money payable under the policy or policies does not exceed K20,000.00 or such other amount as is prescribed by regulation for the purposes of this Paragraph,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder may pay the money to\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a relative of the deceased person; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person who satisfies the licence holder that he is entitled to the property of the deceased person\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 under the deceased person\rquote s will; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 under the law relating to the disposition of the property of deceased persons; or
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 f}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a person who satisfies the licence holder that he is entitled to obtain probate of the will of the deceased person or to take out letters of administration of the deceased person\rquote s estate; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 g}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person who satisfies the licence holder that he is entitled to the property of the deceased in accordance with custom.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may pay the money without requiring the production of any probate or letter of administration.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A licence holder that makes a payment under this section is discharged from all further liability in respect of the money payable under the policy or policies.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person to whom a licence holder makes a payment under this section shall apply the money in the due course of administration.

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section \'93money\'94, in relation to a policy, means the total of the money payable under the pol
icy, less any debt due to the licence holder under, or secured by, the policy.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 123.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Death of Policy Owner who is not the Life Insured.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section applies\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where the owner of a life policy dies before the person whose life is insured by the policy; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 either\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the adjusted surrender value of the policy is less than the prescribed amount; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the policy is one of two or more policies owned by the deceased owner and issued by the licence holder the total adjusted surrender values of which are less than the prescribed amount.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where a person (the \'93applicant\'94) satisfied the licence holder that issued the policy\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that he is entitled, under the will or on the intestacy of the deceased owner, to the benefit of the policy; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that he is entitled to obtain probate of the will or to take out letters of administration of the estate of the deceased owner,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder may endorse on the policy a declaration that the applicant has so satisfied the licence holder and is the owner of the policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The licence holder may endorse the policy without requiring the production of any probate or letters of administration.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  applies, the applicant becomes, subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , the owner of the policy.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(4)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
confer on the applicant any beneficial interest in the policy that he would not otherwise have had; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 affect any right or interest of a person other than the applicant in relation to the policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of th
is section, the adjusted surrender value of a policy is the surrender value of the policy as at the day on which the owner dies, less any debt due to the licence holder under, or secured by, the policy.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section \'93prescribed amount\'94 means K20,000
.00 or such other amount as is prescribed by the regulations for the purpose of this section.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 124.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Licence Holder not bound to see to the Application of money paid by it.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A licence holder is not in any circumstances bound to see to the application of any money it pays in respect of a policy.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 125.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 No deduction in respect of other policies.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, where a claim arising under a policy is paid, no deductions are to be made on account of premiums or debts due to the licence holder under any other policy, except with the written consent of the claimant.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The claimant may give written consent to any deductions.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 126.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Lost or destroyed policy \endash  issue of replacement policy document.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section applies where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 the owner of a policy; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 a person claiming the benefit in respect of a policy,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
claims that the policy document is lost or has been destroyed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A person referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 may request the licence holder liable under the policy to issue to the person a replacement policy document in substitution for the lost document.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The licence holder may issue a replacement policy document to the policy owner where it is satisfied that th
ere is sufficient evidence of the loss or destruction of the original policy document.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The licence holder may only issue a replacement policy document to a person referred to in }{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(b)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  where the licence holder is satisfied that the provisions of this Act should be applied in favour of the person in relation to the policy.

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where the licence holder does not issue a replacement policy document within six\~
months after it receives a request from a policy owner, the policy owner may apply for an order under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where, on an application under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , a court is satisfied that an original policy document is lost or has been destroyed, the court may order the licence holder concerned to issue a replacement policy document to
 the applicant on such terms (if any), and within such period, as the court thinks fit.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A request under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  shall be in writing.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 127.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Form of replacement policy document.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A replacement policy document\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 shall, as far as possible\~
\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 be a copy of the original policy document; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 contain a copy of every endorsement on the original policy document; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
shall state the reason why the replacement policy document was issued.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 128.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Application to replacement policy document.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where the owner of a policy or a person claiming the benefit of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~126}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 in respect of a policy claims that a replacement policy document is lost or has been destroyed, }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~126}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 applies to the replacement policy document as if it were an original policy document.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 129.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Policies not invalidated by contraventions of the Act.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 A licence holder\rquote s failure to comply with this Act does not invalidate any policy issued by the licence holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 130.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Notice before issuing replacement policy document.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This secti
on applies where the amount of the net claim value of a policy at the date the replacement policy document is issued is more than the amount as is prescribed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, the net claim value of a policy at a particular time is the amount calculated according to the regulations.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 At least 10 days before issuing the replacement policy document, the licence holder shall give notice of its intention to do so
\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
in a newspaper circulating in the district in which the owner of the policy resides;  or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where a person claiming the benefit of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~128}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 applies for the replacement policy document, in a newspaper circulating in the district in which the deceased policy owner ordinarily resided at the time he died; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in a newspaper circulating in the district in which the licence holder considers the original policy document to have been lost or destroyed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An applicant for a replacement policy document shall meet all the expenses of the advertisement and of the issue of the
 replacement policy document, and such expenses shall be paid at the time the person asks the licence holder to issue the replacement policy document.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 After a replacement policy document has been issued, the licence holder shall arrange for the followi
ng details to be entered in the appropriate register kept under this Act:
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the fact that a replacement policy document has been issued\~\endash 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the reason for the issue of the replacement policy document.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 131.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Claim under policy where policy document lost or destroyed.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
a person claiming to be the owner of a policy or claiming the benefit of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~126}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  in respect of a policy\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 claims that the original policy document is lost or has been destroyed; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 gives to the licence holder evidence of the loss or destruction that the licence holder considers sufficient; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
makes a claim under the policy or makes any other request or claim in respect of it that would result in the termination of the policy; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder liable under the policy\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 has given at least 10 days\rquote  notice of its intention to satisfy the claim or comply with the request; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 after giving notice, satisfies the claim or complies with the request,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the licence holder is discharged from all liability to any person under the policy.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A notice under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(b)(i)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 is to be given\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
where the person who made the claim or request referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(a)(iii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  claims to be the owner of the policy \endash 
 in a newspaper circulating in the area in which the person resides; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where the person who made the claim or request referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)(a)(iii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  claims the benefit of }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~128}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  in respect of the policy \endash  in a newspaper circulating in the area i
n which the deceased policy owner ordinarily resided at the time he died; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 in a newspaper circulating in the area in which the licence holder considers the original policy to have been lost or destroyed.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The expenses of an advertisement are to be paid by the person who made the claim or the request referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 Subsection\~(1)(a)(iii)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 16. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Miscellaneous.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 132.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Central Bank not to act as Banker.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank shall not act as banker for any licence holder or life insurance agent.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank shall not, under any circumstances provide financial accommodation to a licence holder or life insurance agent, whether solvent or not, unless in the ordinary course of business.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 133.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Protection from Liability and Indemnity.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Centra
l Bank, every member of its Board and every officer of the Central Bank nominated by the Central Bank for the purposes of this Act, is not subject to any liability to any entity in respect of anything done or omitted to be done, in the exercise or perform
ance or the purported exercise or performance of powers, functions or duties conferred or imposed on the Central Bank, its Board or its officers by or under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank shall not be liable for the operations or viability of a licence holder or life insurance agent, or for any loss suffered by policyholders as a result of the operations or viability of a licence holder or life insurance agent.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Cent
ral Bank shall not be liable for any impact on the operations or viability of a licence holder or life insurance agent as a consequence of any investment guidelines or prudential standards issued from time to time.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsections\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 (3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  do not a
pply to an act or omission in bad faith.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
An officer, delegate of, and every member, of the Board of the Central Bank will be indemnified by the Central Bank in respect of any liability arising from the exercise or purported exercise, or omission to exe
rcise, of any power conferred by this Act unless it is shown that the exercise or purported exercise, or omission to exercise, of the power was in bad faith.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The indemnity conferred by }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  extends to legal costs incurred in defending a proceeding.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 134.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Power to pay money into court.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder may pay into the Court any money payable by the licence holder in respect of a policy for which, in the licence holder\rquote 
s opinion, no sufficient discharge can otherwise be obtained.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Payment of the money into the Court discharges the licence holder from any liability under the policy in relation to the money.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any money paid into the Court under this section is to be dealt with according to the order of the Court.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 This section has effect subject to the Rules of the Court.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 135.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Treatment of unclaimed moneys.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
In the event that the whereabouts of a policyholder becomes unknown  entitlements credited and properly available to that policyholder shall remain in the policyholder\rquote s n
ame and shall continue to have earnings dividends, bonuses and other entitlements credited to the policyholder\rquote s benefit.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder shall maintain a register of all missing policyholders, which shall be available for inspection or use by the Cen
tral Bank at all times, including, to be used to formulate and maintain a central registry of missing policyholder accounts.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Each licence holder shall, within three months after 31 December in each year, deliver to the Governor a statement of all uncla
imed money in its hands as at that 31 December.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A statement under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396  shall specify\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the name, and the last-known address, of each policyholder to whom an amount of unclaimed money is payable, or the owner of each account, as the case may be; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 where the person concerned is known to the licence holder to be dead, the names and addresses, so far as they are known to the licence holder, of the policyholder\rquote s nominee or legal representative.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The total amount shown in a statement under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(3)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
be paid by the licence holder to the State at the time of the delivery of the statement; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 be credited to the Unclaimed Money Fund kept under the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Unclaimed Moneys Act 1963}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(7)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , be paid into the Consolidated Revenue Fund after payment to the State.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(7)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, on payment to the State of an amount of unclaimed money under this section a licence holder is discharged from further liability in respect of that amount.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where an amount of unclaimed money has been paid to the State under this section and the Governor or an authorized officer is satisfied that, but for }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(6)}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 , a person would be paid the amount that was paid to the State, the amount will be p
aid to the licence holder and the licence holder shall then pay the amount to that person, and the Public Account is, to the necessary extent, appropriated for the purposes of any payment under this Subsection.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder that contravenes this section or fails to comply with this section is guilty of an offence.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The Central Bank or a licence holder may apply to the National Court for a declaration that any moneys are not unclaimed moneys within the meaning of this section.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 136.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Code of Conduct.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section:
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93industry code \'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a code regulating the conduct of participants in the life insurance industry towards other participants in the life insurance industry;

\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93mandatory industry code\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means an industry code that is prescribed by regulation to be mandatory;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93voluntary industry code\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means an industry code that is prescribed by regulation to be voluntary
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
For the purposes of this section, a voluntary industry code binds an entity which has agreed, as prescribed to be bound by the industry code and who has not subsequently ceased, as prescribed, to be bound by it.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may direct licence hold
ers to develop, in co-operation with each other, an industry code for the approval of the Central Bank.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The industry code shall address, but not be limited to, the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 best practice procedures;

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 full disclosure to policyholders;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 internal dispute resolution procedures;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 external dispute resolution procedures.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity shall not, while conducting life insurance business, contravene the industry code.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Regulations may\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
prescribe an industry code, or specified provisions of an industry code, for the purposes of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 declare the industry code to be a mandatory industry code or a voluntary industry code; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 for a voluntary industry code, specify the method by which an entity agrees to be bound by the code and the method by which it ceases to be so bound.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Every entity that contravenes a provision of this section or a mandatory industry code shall be guilty of an offence.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 137.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Secrecy.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section\~\endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93officer \'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Governor, the Deputy Governor or any other member of the Board; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 an employee of the Central Bank; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other person engaged by the Central Bank to perform services for the Central Bank; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 any other person, who because of his employment, or in the course of that employment\~\endash 
\par }\pard\plain \ltrpar\s43\qj \fi-720\li2880\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2880\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 has acquired protected information; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 has had access to protected documents.
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93produce\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  includes permit access to; 
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93protected document\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means a document given or produced (whether before or after the commencement of this Act) under or for the purposes of this Act and containing information relating to the affairs of any person other than a document that has already been lawfully made ava
ilable to the public;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93protected information\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means information data or forecasts disclosed or obtained (whether before or after the commencement of this Act) under, or for the purposes of, this Act and relating to the affairs of any person other than infor
mation that has already been lawfully made available to the public
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Subject to this section, an officer shall not, except for the purposes of this Act, directly or indirectly disclose to any person, any protected information or protected document.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prohibit a person from disclosing protected information or producing a protected document where the person to whose affairs the information o
r document relates and where different the person from whom the information or documents was received agrees in writing to the disclosure of the information or the production of the document as the case may be.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 It is not an offence under this section w
here the disclosure of protected information or the production of a protected document by a person occurs when the person is satisfied that the disclosure of the information, or the production of the document, will assist the Central Bank to perform its f
unctions or exercise its powers.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
It is not an offence where the disclosure of protected information or the production of information of a protected document by the Central Bank occurs when the Central Bank is satisfied that the disclosure of the information\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
will assist the Central Bank to perform its functions or exercise its powers; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 is to the Minister or the relevant Department; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 will assist another supervisory agent, whether in Papua New Guinea or elsewhere, to perform its functions 
or exercise its powers, provided that the Central Bank is satisfied that the information or document is subject to a secrecy provision no less stringent than that set out in this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 It is not an offence where the disclosure of protected information or the production of a protected document is under compulsion or obligation of law.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not prohibit a person from disclosing protected information, or producing a protected document to the Central Bank.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (8) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not prohi
bit a person from disclosing information, or producing a document, where the information, or the information contained in the document, as the case may be, is in the form of a statistical summary or collection of information that is prepared so that infor
mation relating to any particular person cannot be found from it.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (9) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Every person who contravenes this section is guilty of an offence under the Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 138.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Payment of Fees.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Each licence holder shall pay an application fee to the Central Bank in the amount, at the time and in the manner prescribed by the regulations.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Each licence holder will pay to the Central Bank on or before 1 January in each year the prescribed annual licence fee.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (2A)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 138 Subsection (2A) amended by No. 2 of 2002, s. 8.}}}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 138 Subsection (2A) amended by No. 2 of 2002, s. 8.}}}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Each life insurance broker shall pay an application fee to the Central Bank in the amount and in the manner prescribed by the regulations.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Fees payable under this section are a debt due to the Central Bank and where not paid within 14 days of the due date the Central Bank may take whatever recovery steps are considered appropriate to ensure the fees are paid.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity which fails to comply with this section is guilty of an offence under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 139.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Authorization and Approvals.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by writing, authorize an officer of the Central Bank to exercise a power of the Central Bank under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by writing, approve an auditor for the purposes of this Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may, by writing, approve an actuary for the purposes of the Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An authorization or approval under this section may be made by name or office.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 140.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Service of Notices.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where this Act requires or permits a document to be given to an entity, the document may be given\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 by service in person; or

\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 by post, facsimile or email at the last-known address of the person.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 141.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Exercise of powers of Central Bank and Delegation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Governor may exercise the powers of the Central Bank under this Act to facilitate the performance of its functions under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Governor, by writing, may delegate to an officer of the Central Bank all or any of the powers of the Central
 Bank under this Act (other than this power of delegation).
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A power exercised by a delegate under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  shall for all purposes be taken to have been exercised by the Central Bank.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 142.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Failure to publish certain notices.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, where a provision of this Act requires the Central Bank to publish a notice of an act or thing in the National Gazette, failure to publish the notice does not affect the validity of the act or thing.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not apply to a provisio
n which provides for the thing to take effect on a date specified in the notice.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 143.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Power to make regulations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Head of State, acting on advice, may make, amend or vary regulations which\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
are not inconsistent with this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 prescribe all matters that by this Act are\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 required or permitted to be prescribed; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 necessary or convenient to be prescribed for carrying out or giving effect to this Act; and,
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
provide that an offence may be prosecuted either summarily or on indictment;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 provide penalties for offences against the regulations, not exceeding\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid9529396 (i)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 K100,000.00; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (ii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 imprisonment for a term not exceeding two years; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs111\fs24\insrsid9529396 (iii)\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 both such fine and imprisonment.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 144.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Scope of regulation and instrument-making power.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Power given under this Act to do something by regulation or in writing (whether or not described as an instrument) under or for the purposes of a provision of this Act includes power\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to make a regulation or instrument dealing with some only of the matters referred to in that provision; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to make different provision with respect to different matters or different classes of matters; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 to make a regulation or instrument that applies differently by reference to stated exceptions or factors.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Without limiting }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
, a power under this Act to make a regulation or instrument about particular matters (however described) includes power to make a regulation or instrument about one or more of those matters or a particular class of those matters.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 For the purposes of this section, a class may consist of a single matter.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section, \'93matter\'94 includes circumstances, place and person.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 145.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Offences and penalties.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity convicted of an offence against any of the sections listed in  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part 1}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  is liable to a fine or imprisonment of both as listed in that Schedule.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity convicted of an offence against any of the sections listed in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part 2}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Part 2 of Schedule 3 is liable to a fine or imprisonment or both as listed in Part 2 of that Schedule.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity who contravenes any other provision of this Act is liable to a fine or imprisonment or both as listed in }{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part 3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Schedule\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 146.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Power to amend schedules etc.,.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Head of State, acting on advice, may, by regulation, amend the monetary amounts specified in the Schedules.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 147.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Prosecutions and other actions..
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The Central Bank may\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
prosecute any offence by a person under this Act, by summary prosecution or by prosecution as an indictable offence as the case may be; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 commence a civil action against a person for any form of civil relief which is available in respect to the matters constituting the offence.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any prosecution or action commenced by the Central Bank in relation to an offence committed under this Act will be heard by the National Court.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Notwithstanding }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 524 of the }{\rtlch\fcs1 
\ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Criminal Code Act 1974}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 following a committal for an offence under this Act the Central Bank is authorized to present an indictment against the accused, and a copy of such indictment will be served on the Public Prosecutor and the Public Prosecutor may withdraw the indictment w
ithin 14 days of service of the indictment on him.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
In any prosecution or action brought under this Act by the Central Bank, the Court may award costs against any party or claimant other than the Central Bank which costs may be recovered as a debt to the Central Bank.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
In any action brought under this Act the Court may on application, whether as interlocutory or final relief, order a person to cease any activity until further order.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any order made by the Court under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(5)}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  shall be made on condition that the Central Bank is not responsible for any loss of income or profit which may be incurred by the enterprise as a consequence of that order.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (7) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any fine, to be paid by a person as a result of an action or prosecution by the Central Bank wil
l be paid to the Central Bank and, in addition to any other remedy, may be recovered by the Central Bank as a debt to the Central Bank.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 148.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Injunctions and other orders.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where, on the application of Central Bank or the Public Prosecutor, the National Court is satisfied\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
that there is a reasonable likelihood that a person will contravene this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that any person has been guilty of any such contravention and that there is a reasonable likelihood that the contravention will continue or be repeated,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Court may grant an injunction restraining and/or prohibiting the contravention as the Court considers appropriate.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Where on the application of the Central Bank or the Public Prosecutor, it appears to the National Court that a person may hav
e been guilty of such a contravention as is mentioned in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 the Court may grant an injunction restraining the person from disposing of or otherwise dealing with any of the persons property while the suspected contravention is investigated.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 149.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Restriction of use of certain words and expressions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Subject to this section, an entity shall not, without the consent of the Central Bank\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 use the words \'93
life insurance company\'94, \'93life insurance\'94, \'93life insurance broker\'94, \'93life office\'94 or any de
rivatives thereof, or any other word indicating the transaction of a licensed holder (whether in the English language or in any other language), in the name, description or title under which that entity carries on business in Papua New Guinea; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 make any representation that it is, or hold itself out to be, a licence holder.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Except with the consent in writing of the Central Bank, a licence holder or life insurance agent may not use the expression \'93National\'94, \'93Papua\'94, \'93
New Guinea\'94, \'93Papua and New Guinea\'94, \'93Papua New Guinea\'94 or \'93State\'94
, or an expression of a similar meaning (whether in the English language or in any other language) in the name, description or title under which it carries on business in Papua New Guinea.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  does not affect the operation of the }{
\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Central Banking Act 2000}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 .
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where the Central Bank for any reason considers that the use of a name or description by a  licence holder or life insurance agent carrying on business in Papua New Guinea is undesirable or misleading, 
the Central Bank may prohibit the use of that name or description by notice in the National Gazette.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where an entity applies for a licence or authorization under this Act it shall give notice to the Central Bank of any name it is using or proposes to use for the purposes of or in connection with any business carried on by it for the Central Bank\rquote 
s consent.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (6) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any entity that uses an expression name or description in contravention of this section is guilty of an offence under this Act.

\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 150.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Restriction on establishment or maintenance of branch offices.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 An entity is guilty of an offence where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the entity carries on a life insurance business in a foreign country; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the entity establishes or maintains an office in Papua New Guinea wholly or partly in connection with the carrying on of that business outside Papua New Guinea without first incorporating a subsidiary under the }{\rtlch\fcs1 
\ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Companies Act 1997}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  and obtaining all necessary licences under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Section 150 Subsection (2) substituted by No. 2 of 2002, s. 9.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid9529396 
\chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 
Section 150 Subsection (2) substituted by No. 2 of 2002, s. 9.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A licence holder is guilty of an offence where it undertakes any of the following:-
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
opens or establishes, whether on its own account or in conjunction with others, a branch or representative office;
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 incorporates or establishes an interest in any business, whether on its own account or in conjunction with others,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
without the approval of the Central Bank.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid9529396 PART 17. \endash  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Repeal, Amendment, Saving and Transitional Provisions.
\par }\pard\plain \ltrpar\s47\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs48\fs24\insrsid9529396 Division 1.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par Repeal, Amendment, Savings and Transitional Provisions.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 151.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Definitions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 In this Part\~\endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93Change Date\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means each date on which a New Licence Holder is appointed to replace an Existing Entity;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Cut-off Date\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the day one year from the commencement of this Act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93End Date\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means 18 months from the commencement of this act;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Existing Entity\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means any en
tity that is operating at the commencement of this Act, which has as part or all of its functions, a Life Insurance Business;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Existing Entity instrument\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 means an instrument (including a legislative instrument other than this Act) subsisting immediately before the appointment of a New Licence Holder\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to which an Existing Entity was a party; or 
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that was given to or in favour of an Existing Entity; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that refers to an Existing Entity; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 d}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 under which money is, or may become, payable to or by an Existing Entity; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 e}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 under which other property is to be, or may become liable to be, transferred to or by an Existing Entity;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93Insurance Corporation Act\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs103\i\fs24\insrsid9529396 Insurance Corporation Act 1977}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93liabilities\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means all liabilities, duties and obligations, whether actual, contingent or prospective;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93New Licence Holder\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a licenced holder appointed either by\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Existing Entity prior to the Cut-off Date; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the Central Bank by notice in the National Gazette on or after the Cut-off Date;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93rights\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means all rights, powers, privileges and immunities, whether actual, contingent or prospective;
\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93transferred employee\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person who, was an employee of an Existing Entity appointed by the New Licence Holder;

\par }{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid9529396 \'93Transition Period\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means the period beginning on the commencement of this Act and ending on the End Date.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 152.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Amendments to }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\caps\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \caps\fs24\insrsid9529396 .
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 On and from the commencement of this Act the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 is amended in accordance with Schedule 5 of this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 153.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Acts in Schedule.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in the Schedule to this Act has effect according to its terms.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 154.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Saving of Regulations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Regulations made under the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Insurance Corporation Act 1977}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 , to the extent that they\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
were in operation immediately before the coming into operation of this Act; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 are not inconsistent with this Act,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
are on that coming into operation, saved and continue in operation and may be amended or repealed.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 155.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Policy Rights and Entitlements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 All policies or rights under the policies of an Existing Entity, and in force immediately before the commencement of this Act, will continue to have effect after that time as if it had been made under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 156.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Exemption for existing Entities.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An Existing Entity will not contravene the requirements of }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Part\~3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 of this Act by accepting premiums during the period from the commencement of this Act until the Change Date.
\par }\pard\plain \ltrpar\s47\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs48\fs24\insrsid9529396 Division 2.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par Transitional Period.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 157.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Difficulties with saving or transitional provisions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Where a difficulty arises in respect of the saving or transitional provisions in this part, regulations may make such modifications to those provisions or incidental, consequential and supplementary provisions during the transition period as may be 
necessary or expedient for the purpose of giving full effect to the transitional provisions of this act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Any modifications or provisions referred to in }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  made by the Head of State, acting on advice, have and are deemed always to have had t
he same force and effect as if they had been enacted by way of an amendment to this Act, and on publication of the regulation in the National Gazette, this Division is amended accordingly. 
\par }\pard\plain \ltrpar\s47\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs48\fs24\insrsid9529396 Division 3.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par Cut-off date for an existing entity.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 158.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Deadline for transition of existing entities.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 By no later than the Cut-off Date each Existing Entity shall have\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
made an application to the Central Bank for a licence under this Act; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 appointed a New Licence Holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 159.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Appointment of a new licence holder.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where, on the Cut-off Date an Existing Entity\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
has not made an application for a licence under this Act, or where such an application has been made that application has been refused; or
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 has not appointed a New Licence Holder in accordance with this Act,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the Central Bank shall make an application to the court to have the Existing Entity wound up.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 160.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Obligations of the Central Bank during transition.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 The Central Bank shall fulfil its obligations under }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Section\~159}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  on or before the End Date.
\par }\pard\plain \ltrpar\s47\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af42\afs26\alang1025 \ltrch\fcs0 \b\i\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs48\fs24\insrsid9529396 Division 4.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par Transition issues on and from the change date.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 161.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Vesting of rights and liabilities in the new licence holder..
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 On and from the Change Date\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 all proper
ty and rights of an Existing Entity wherever located, vest in the New Licence Holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 all property and liabilities of an Existing Entity, wherever located, become property and liabilities of the New Licence Holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 c}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 the New Licence Holder becomes the successor in law to an Existing Entity,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
unless otherwise prescribed by regulation made under this Part.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 162.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Effect of change of entity on documents etc.,.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 On and from the Change Date, a document\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
to which an Existing Entity is a party, 
in which a reference is made to an Existing Entity, or under which an Existing Entity has acquired or incurred a right, obligation or liability, or might have acquired or incurred a right, obligation or liability if it had remained; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 that is capable of having effect after the appointment of a New Licence Holder;
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
has effect as if the New Licence Holder (and not an Existing Entity) were a party to it, were referred to in it or had or might have acquired or incurred the right, obligation or liability under it.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs96\fs24\insrsid9529396 Subsection\~(1)}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
 does not apply to any right, obligation or liability of an Existing Entity that arises out of a contract or Agreement which has not been entered into in good faith.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 163.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 No stamp duty on transfer of property and liabilities of the existing entity.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 No stamp duty is payable under a law of Papua New Guinea in respect of any transfer of property or liabilities pursuant to any section in this Part of the Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 164.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Existing entity instruments.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 An Existing Entity instrument continues to have effect according to its tenor on and after the Change Date as if a reference in the instrument to an Existing Entity were a reference to the New Licence Holder.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 165.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Pending proceedings.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where immediately before the Change Date, proceedings (including
 arbitration proceedings) to which an Existing Entity was a party were pending or existing in any court or tribunal, then, on and after the Change date, the New Licence Holder is substituted for an Existing Entity as a party to the proceedings and has the
 same rights in the proceedings as the Existing Entity had.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 166.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Registration of interests in land.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 Where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
land that is situated in any geographical area of Papua New Guinea, or an interest in such land, becomes land, or an interest in land of the New Licence Holder; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
there is lodged with the Registrar of Titles a copy of the instrument appointing a New Licence Holder or if the appointment of the New Licence Holder is by the Central Bank exercising its powers under this Act, a copy of the notice published in the Nation
al Gazette,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
the officer with whom the instrument is lodged may register the change of ownership of the land in the manner in which dealings in land or interests in land of that kind are registered.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid9529396 167.\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \caps\fs24\insrsid9529396 Transfer of existing entity staff to new licence holder.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (1) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Provided that the person who was an officer of an Existing Entity immediately before the Change Date, if applicable, satisfies the \'93fit and proper\'94
 criteria in this Act, the New Licence Holder may engage that employee with effect from the Change Date\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
on the same terms and conditions as those that applied to the person, immediately before the Change Date, as an employee of an Existing Entity; and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 taking into account the employees entitlement to benefits, in connection with that engagement by
 the New Licence Holder, that is equivalent to the entitlement that the person had accrued, as an employee of an Existing Entity, immediately before the Change Date.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid9529396 (2) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 The service of a transferred employee as an officer of the New Licence Holder is to be
 regarded for all purposes as having been continuous with the service of the employee, immediately before the Change Date, as an employee of an Existing Entity.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 A transferred employee is not entitled to receive any payment or other benefit by reason on
ly of having ceased to be an employee of an Existing Entity because of this Act.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (4) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
A director, secretary or auditor of an Existing Entity does not, because of the operation of this Act, become a director, secretary or auditor of the New Licence Holder.
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs113\fs24\insrsid9529396 (5) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 In this section\~\endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid9529396 \'93employee\'94}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  means a person engaged or employed by the Existing Entity.
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \sect 
}\sectd \ltrsect\binfsxn2\binsxn2\linex0\headery1000\footery1000\endnhere\sectdefaultcl\sftnbj {\headerl \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl
\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640
\pard\plain \ltrpar\s59\qj \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\field{\*\fldinst {\rtlch\fcs1 
\ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 4}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  > 0   "Sch. }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\insrsid9529396 STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 4}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 
\ltrch\fcs0 \b\fs24\insrsid9529396 " "" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 Sch. 4}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Life Insurance 2000}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl
\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\row 
}\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\par }}{\headerr \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil 
\cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\pard\plain \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \i\fs24\insrsid9529396 Life Insurance 2000}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard \ltrpar\s59\qr \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\insrsid9529396  STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid15532810 5}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 
\ltrch\fcs0 \b\fs24\insrsid9529396  > 0   "Sch. }{\field{\*\fldinst {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 5}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \b\fs24\insrsid9529396 " "" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid15532810 Sch. 5}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 
\par }}\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 \b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 SCHEDULE }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs100\fs24\insrsid9529396 1}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396  \endash  .
\par }\pard\plain \ltrpar\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Documents to be produced for Application
\par \ltrrow}\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 \ltrch\fcs0 \cs118\b\fs28\insrsid9529396 Life Insurance Company}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone 
\clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 1. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Investment strategy to be implemented by the applicant for proposed licence holder detailing the proposed property allocation, hedging and investment diversification.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 2. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 The applicant\rquote 
s plan of operations including all computer software programmes and equipment utilised by the applicant, its staffing and its means of implementing it.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow2\irowband2\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 3. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 The names and curriculum vitae of the applicant\rquote 
s shareholder controllers, indirect controllers and officers.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow3\irowband3\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \cs122\fs28\insrsid9529396 4. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Particulars of the applicant\rquote s arrangements for the management of the business.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow4\irowband4\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 5. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
A copy of the act, charter, deed of settlement or constitution of the applicant which must be in compliance with this act, or other documents by which the body corporate is or is to be constituted.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow5\irowband5\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 6. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Any other documentation required under standard a requested by the Central Bank.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow6\irowband6\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow7\irowband7\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 
\ltrch\fcs0 \cs118\b\fs28\insrsid9529396 Life Insurance Broker}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow8\irowband8\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 1. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 The applicant\rquote 
s plan of operations including all computer software programmes and equipment utilised by the applicant, its staffing and its means of implementing it.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow9\irowband9\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 2. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 The names and curriculum vitae of the applicant\rquote 
s shareholders, indirect controllers and officers.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow10\irowband10\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 3. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Particulars of the applicant\rquote s arrangements for the management of the business.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow11\irowband11\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 4. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 A copy of the act, charter, deed of settlement or constitution of the
 applicant which must be compliance with this Act, or other document by which the body corporate is or is to be constituted.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow12\irowband12\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 5. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Any other documentation required under standard or requested by the Central Bank.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow13\irowband13\lastrow \ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row }\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 SCHEDULE }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs100\fs24\insrsid9529396 2}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  \endash  .
\par }\pard\plain \ltrpar\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Schedule 2 Amended by No. 2 of 2002, s. 10; Amended by No. 99 of 2006, s. 2.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Fit and Proper Criteria
\par \ltrrow}\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 1. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Every person who is, or is to be, an officer of a licence holder, life insurance broker or a life insurance agent must be a fit and proper person to hold the particular position which he holds or is to hold.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow0\irowband0\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl
\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 2. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
In determining whether a person is fit and proper person to hold any particular position, regard will be had to\~\endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 a}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 his probity;}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow2\irowband2\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 b}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 his competence and soundness of judgement for fulfilling the responsibilities of that position;}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow3\irowband3\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 c}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 the diligence with which he is fulfilling or likely to fulfil those responsibilities; and }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow4\irowband4\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 d}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 whether the interests of policyholders are, or are likely to be, in any way threatened by his holding that position.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow5\irowband5\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 3. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Without prejudice to the generality of the foregoing prov
isions, regard may be had to the previous conduct and activities in business or financial matters of the person in question and, in particular, to any evidence that he has\~\endash }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow6\irowband6\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 a}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 committed an offence involving fraud or other dishonesty or violence; or}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow7\irowband7\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 b}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
been engaged in or been associated with any financial loss due to dishonesty, incompetence or malpractice in the provision of superannuation products, insurance, investment or other financial services or the management of companies or against financial lo
ss due to the conduct of discharged bankrupts; or}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow8\irowband8\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 c}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
been engaged in any business practices appearing to the Central Bank to be deceitful or oppressive or otherwise improper (whether unlawful or not or which otherwise reflect discredit on his method of c
onducting superannuation funds, companies, investments and other financial services; or}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow9\irowband9\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 d}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 engaged in or been associated with any other business practices or otherwise conducting himself in such a way as to cast doubt on his competence and soundness of j
udgement.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow10\irowband10\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 
\ltrch\fcs0 \cs118\b\fs28\insrsid9529396 Business to be Conducted in a Prudent Manner}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow11\irowband11\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 4. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Every licence holder and life insurance agent must or, as the case may be, will conduct is business in a prudent manner.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow12\irowband12\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 5. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
A licence holder of life insurance agent will not be regarded as conduc
ting its business in a prudent manner unless it maintains, or as the case may be, will maintain capital resources of such nature and amount as are considered appropriate by the Central Bank, and which are sufficient to safeguard the interests of policyhol
ders, and commensurate with the nature, scale and risks of the licence holder\rquote s operations as determined by the Central Bank.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow13\irowband13\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 6. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
A licence holder will not be regarded as conducting its business in a prudent manner unless it maintains or, as the case may be
, will maintain adequate liquidity, having regard to the relationship between its actual and contingent liabilities, to the times at which those liabilities will or may fall due and its property mature, and to any other factors appearing to the Central Ba
nk to be relevant.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow14\irowband14\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 7. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 For the purposes of }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~3}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
 above the Central Bank may, to such extent as it thinks appropriate, take into account as property of the licence holder or life insurance agent and any facilities available to it which are capable of providing liquidity within a reasonable period.}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow15\irowband15\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 8. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 A licence holder will not be regarded as conducting its business in a prudent manner unless it makes or, as the case may be, will make a
dequate provisions for depreciation or diminution in the value of its property (including provisions for bad or doubtful debts), for liabilities which will or may fall to be discharged by it and for losses which it will or may incur.}{\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow16\irowband16\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 9. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
A licence holder will not be regarded as conducting its business in a prudent manner unless it limits or, as the case may be, proposed to limit, its exposure, direct and indirect, to the risk of loss, as may be defined by the Central Bank, to any person a
nd such limit will be no more than will be prescribed by the Central Bank.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow17\irowband17\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 10. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
A licence holder will not be regarded as conducting its business in a prudent manner unless it limits or, as the case may be, proposes to limit, its exposure, direct and indirec
t, to risk of loss to persons who are related to the licence holder in such a manner that they may be in a position to influence the licence holder and such risk and such relationship may be defined by the Central Bank, and such limit will be no more than
 will be prescribed by the Central Bank.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow18\irowband18\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 11. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 For the purposes of determining the amount of the risk of loss to the person referred to in }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Sections
\~9}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396  and }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 10}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
, account must also be taken of any exposure to the risk of loss to any other person, where the financial soundness of the first person may be linked to that of the other, as may be further prescribed by the Central Bank.}{\rtlch\fcs1 \af42\afs24 
\ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow19\irowband19\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 12. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 A licence holder or life insurance agent will not be regarded as conducting its business in a prudent manner unless it maintains or
, as the case may be, will maintain adequate accounting and other records of its business and adequate system of control of its business and records.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow20\irowband20\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 13. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Those records and systems will not be regarded as adequate unless they are such as to enable the busi
ness of the licence holder or life insurance agent to be prudently managed and the licence holder or life insurance agent to comply with the duties imposed on it by or under this Act and in determining whether those systems are adequate the Central Bank w
ill have regard to the functions and responsibilities in respect of them of any of the directors of the life insurance agent.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow21\irowband21\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 \ltrch\fcs0 \cs118\b\fs28\insrsid9529396 Integrity and Skill}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow22\irowband22\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 14. }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
The business of the life insurance agent must be carried on with integrity and the professional skills appropriate to the nature, scale and risks inherent in its activities.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow23\irowband23\lastrow \ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row }\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 SCHEDULE }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs100\fs24\insrsid9529396 3}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  \endash  .
\par }\pard\plain \ltrpar\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid9529396 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid9529396 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid9529396 Schedule 3 Amended by No. 2 of 2002, s. 11.}}}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 Financial Requirements
\par \ltrrow}\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 \ltrch\fcs0 \cs118\b\fs28\insrsid9529396 Life Insurance Company}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone 
\clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Amount prescribed by regulation}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Amount prescribed by regulation}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow2\irowband2\lastrow \ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row }\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 SCHEDULE }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs100\fs24\insrsid9529396 4}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  \endash  .
\par }\pard\plain \ltrpar\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
Penalties for Offences against this Act
\par \ltrrow}\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\ql \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs122\fs28\insrsid9529396 PART }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrs\brdrw15 \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl
\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 
\ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Sections which carry a fine not exceeding K100, 000. 00 or imprisonment for a term not exceeding two years or both.}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow1\irowband1\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\trowd \irow2\irowband2\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~29}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Failure to comply with a notice or direction}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow2\irowband2\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~30}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Failure to comply with a direction by officer}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow3\irowband3\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~32}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Central Bank to be supplied with certain documents}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow4\irowband4\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~33}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Power to obtain information}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow5\irowband5\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~39}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Action as result of investigation}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow6\irowband6\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~41}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Duty to notify of adverse events }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow7\irowband7\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~45}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Contravention by shareholder controllers and indirect controllers}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow8\irowband8\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~47}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Restructuring of licence holders}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow9\irowband9\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~60}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Disclosure of information}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow10\irowband10\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~61}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Protection of information}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow11\irowband11\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~62}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Duty to give information}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow12\irowband12\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~66}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Powers and functions of Statutory Manager}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow13\irowband13\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~134}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Code of Conduct}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow14\irowband14\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~140}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Secrecy}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow15\irowband15\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~141}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Payment of levy}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow16\irowband16\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~152}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Restriction on use of certain words and expressions}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow17\irowband17\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row 
\ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs96\fs28\insrsid9529396 Section\~152}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Restriction on establishing branch offices}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow18\irowband18\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow19\irowband19\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 
\cs122\fs28\insrsid9529396 PART }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow19\irowband19\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \fs28\insrsid9529396 Section which carry a fine not exceeding K500, 000. 00 or imprisonment for a term not exceeding 10 years or both.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow20\irowband20\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow21\irowband21\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone 
\clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~13}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Unauthorized operations}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow21\irowband21\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil \cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~15}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 False or misleading application}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow22\irowband22\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~35}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
Investigations on behalf of the Central Bank}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow23\irowband23\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~37}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Obstruction of investigations}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow24\irowband24\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar
\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 
Section\~38}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 False and misleading information}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow25\irowband25\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3920\clshdrawnil 
\cellx3820\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth3940\clshdrawnil \cellx7760\row \ltrrow}\trowd \irow26\irowband26\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs28 \ltrch\fcs0 
\cs122\b\fs28\insrsid9529396 PART }{\rtlch\fcs1 \ab\af42\afs28 \ltrch\fcs0 \cs118\b\fs28\insrsid9529396 General penalty}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow26\irowband26\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 A person who contravenes any provision of this Act is guilty of an offence.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow27\irowband27\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb
\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \fi-720\li720\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin720 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 A person who commits an offence against this Act for which there is no specific penalty provided, is liable to a penalty of:}{
\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow28\irowband28\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 a}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
a fine not exceeding K500, 000. 00; or}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow29\irowband29\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 b}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
a term of imprisonment not exceeding five years; or}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 
\af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \trowd \irow30\irowband30\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil 
\cellx7760\row \ltrrow}\pard\plain \ltrpar\s81\qj \fi-840\li840\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin840 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 
\ltrch\fcs0 \cs82\fs28\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs28 \ltrch\fcs0 \cs82\i\fs28\insrsid9529396 c}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs82\fs28\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
both a fine not exceeding the amount specified in Paragraph (a) and a term of imprisonment not exceeding the term specified in Paragraph (b).}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \trowd \irow31\irowband31\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr
\brdrs\brdrw15 \cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row \ltrrow}\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 
\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 Where an offence against this Act is of a continuing nature a person who is found guilty of that continuing offen
ce is liable to a further default penalty of a fine, in addition to that prescribed in }{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \cs96\fs28\insrsid9529396 Section\~2}{\rtlch\fcs1 \af42\afs28 \ltrch\fcs0 \fs28\insrsid9529396 
, not exceeding K5, 000. 00 per day for each day after conviction that the person continues to commit the offence.}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
\trowd \irow32\irowband32\lastrow \ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrs\brdrw15 \clbrdrb\brdrs\brdrw15 \clbrdrr\brdrs\brdrw15 
\cltxlrtb\clftsWidth3\clwWidth7860\clshdrawnil \cellx7760\row }\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af42\afs26\alang1025 \ltrch\fcs0 
\b\caps\f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 SCHEDULE }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs100\fs24\insrsid9529396 5}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  \endash  Amendments to the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 ..
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs34\b\fs24\insrsid9529396 1.  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 2 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  is amended\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 a}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
by repealing the definition of\'93 continuos disability insurance business\'94, and
\par }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 (}{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid9529396 b}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs82\fs24\insrsid9529396 )\tab }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 by inserting in the appropriate alphabetical position, determine on a letter-by-letter-basis the following new definitions:\~\endash 
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 
\cs34\b\fs24\insrsid9529396 2.  }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \cs95\fs24\insrsid9529396 Section 4 of the }{\rtlch\fcs1 \ai\af42\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid9529396 Insurance Act 1995}{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396  is amended by adding the following new subsection:\~\endash 
\par }\pard\plain \ltrpar\s182\qj \fi720\li720\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \af42\afs26\alang1025 \ltrch\fcs0 \f42\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 
\fs24\insrsid9529396 \'93}{\rtlch\fcs1 \ab\af42\afs24 \ltrch\fcs0 \cs168\b\fs24\insrsid9529396 (3) }{\rtlch\fcs1 \af42\afs24 \ltrch\fcs0 \fs24\insrsid9529396 
The requirements of this Act in relation to corporations are in addition to and not in derogation of or substitution for the requirements of the Life Insurance Act and in the case of a Insurance Act, the provisions of the Life Insurance Act prevail.\'94

\par 
\par 
\par Office of Legislative Counsel, PNG
\par }{\*\themedata 504b030414000600080000002100e9de0fbfff0000001c020000130000005b436f6e74656e745f54797065735d2e786d6cac91cb4ec3301045f748fc83e52d4a
9cb2400825e982c78ec7a27cc0c8992416c9d8b2a755fbf74cd25442a820166c2cd933f79e3be372bd1f07b5c3989ca74aaff2422b24eb1b475da5df374fd9ad
5689811a183c61a50f98f4babebc2837878049899a52a57be670674cb23d8e90721f90a4d2fa3802cb35762680fd800ecd7551dc18eb899138e3c943d7e503b6
b01d583deee5f99824e290b4ba3f364eac4a430883b3c092d4eca8f946c916422ecab927f52ea42b89a1cd59c254f919b0e85e6535d135a8de20f20b8c12c3b0
0c895fcf6720192de6bf3b9e89ecdbd6596cbcdd8eb28e7c365ecc4ec1ff1460f53fe813d3cc7f5b7f020000ffff0300504b030414000600080000002100a5d6
a7e7c0000000360100000b0000005f72656c732f2e72656c73848fcf6ac3300c87ef85bd83d17d51d2c31825762fa590432fa37d00e1287f68221bdb1bebdb4f
c7060abb0884a4eff7a93dfeae8bf9e194e720169aaa06c3e2433fcb68e1763dbf7f82c985a4a725085b787086a37bdbb55fbc50d1a33ccd311ba548b6309512
0f88d94fbc52ae4264d1c910d24a45db3462247fa791715fd71f989e19e0364cd3f51652d73760ae8fa8c9ffb3c330cc9e4fc17faf2ce545046e37944c69e462
a1a82fe353bd90a865aad41ed0b5b8f9d6fd010000ffff0300504b0304140006000800000021006b799616830000008a0000001c0000007468656d652f746865
6d652f7468656d654d616e616765722e786d6c0ccc4d0ac3201040e17da17790d93763bb284562b2cbaebbf600439c1a41c7a0d29fdbd7e5e38337cedf14d59b
4b0d592c9c070d8a65cd2e88b7f07c2ca71ba8da481cc52c6ce1c715e6e97818c9b48d13df49c873517d23d59085adb5dd20d6b52bd521ef2cdd5eb9246a3d8b
4757e8d3f729e245eb2b260a0238fd010000ffff0300504b030414000600080000002100aa5225dfc60600008b1a0000160000007468656d652f7468656d652f
7468656d65312e786d6cec595d8bdb46147d2ff43f08bd3bfe92fcb1c41b6cd9ceb6d94d42eca4e4716c8fadc98e344633de8d0981923c160aa569e943037deb
43691b48a02fe9afd936a54d217fa17746b63c638fbb9b2585a5640d8b343af7ce997bafce1d4997afdc8fa87384134e58dc708b970aae83e3211b9178d2706f
f7bbb99aeb7081e211a22cc60d778eb97b65f7c30f2ea31d11e2083b601ff31dd4704321a63bf93c1fc230e297d814c7706dcc920809384d26f951828ec16f44
f3a542a1928f10895d274611b8bd311e932176fad2a5bbbb74dea1701a0b2e078634e949d7d8b050d8d1615122f89c0734718e106db830cf881df7f17de13a14
7101171a6e41fdb9f9ddcb79b4b330a2628bad66d7557f0bbb85c1e8b0a4e64c26836c52cff3bd4a33f3af00546ce23ad54ea553c9fc29001a0e61a52917dda7
dfaab7dafe02ab81d2438bef76b55d2e1a78cd7f798373d3973f03af40a97f6f03dfed06104503af4029dedfc07b5eb51478065e81527c65035f2d34db5ed5c0
2b5048497cb8812ef89572b05c6d061933ba6785d77daf5b2d2d9caf50500d5975c929c62c16db6a2d42f758d2058004522448ec88f9148fd110aa3840940c12
e2ec93490885374531e3305c2815ba8532fc973f4f1da988a01d8c346bc90b98f08d21c9c7e1c3844c45c3fd18bcba1ae4cdcb1fdfbc7cee9c3c7a71f2e89793
c78f4f1efd9c3a32acf6503cd1ad5e7fffc5df4f3f75fe7afeddeb275fd9f15cc7fffed367bffdfaa51d082b5d85e0d5d7cffe78f1ecd5379ffff9c3130bbc99
a0810eef930873e73a3e766eb10816a6426032c783e4ed2cfa2122ba45339e701423398bc57f478406fafa1c5164c1b5b019c13b09488c0d787576cf20dc0b93
9920168fd7c2c8001e30465b2cb146e19a9c4b0b737f164fec9327331d770ba123dbdc018a8dfc766653d05662731984d8a07993a258a0098eb170e4357688b1
6575770931e27a408609e36c2c9cbbc46921620d499f0c8c6a5a19ed9108f232b711847c1bb139b8e3b418b5adba8d8f4c24dc15885ac8f73135c27815cd048a
6c2efb28a27ac0f791086d247bf364a8e33a5c40a6279832a733c29cdb6c6e24b05e2de9d7405eec693fa0f3c84426821cda7cee23c674649b1d06218aa6366c
8fc4a18efd881f428922e7261336f80133ef10790e7940f1d674df21d848f7e96a701b9455a7b42a107965965872791533a37e7b733a4658490d08bfa1e71189
4f15f73559f7ff5b5907217df5ed53cbaa2eaaa0371362bda3f6d6647c1b6e5dbc03968cc8c5d7ee369ac53731dc2e9b0decbd74bf976ef77f2fdddbeee7772f
d82b8d06f9965bc574abae36eed1d67dfb9850da13738af7b9daba73e84ca32e0c4a3bf5cc8ab3e7b8690887f24e86090cdc2441cac64998f88488b017a229ec
ef8bae7432e10bd713ee4c19876dbf1ab6fa96783a8b0ed8287d5c2d16e5a3692a1e1c89d578c1cfc6e15143a4e84a75f50896b9576c27ea51794940dabe0d09
6d329344d942a2ba1c9441520fe610340b09b5b277c2a26e615193ee97a9da6001d4b2acc0d6c9810d57c3f53d30012378a242148f649ed2542fb3ab92f92e33
bd2d984605c03e625901ab4cd725d7adcb93ab4b4bed0c99364868e566925091513d8c87688417d52947cf42e36d735d5fa5d4a02743a1e683d25ad1a8d6fe8d
c579730d76ebda40635d2968ec1c37dc4ad9879219a269c31dc3633f1c4653a81d2eb7bc884ee0ddd95024e90d7f1e6599265cb4110fd3802bd149d520220227
0e2551c395cbcfd24063a5218a5bb104827061c9d541562e1a3948ba99643c1ee3a1d0d3ae8dc848a7a7a0f0a95658af2af3f383a5259b41ba7be1e8d819d059
720b4189f9d5a20ce0887078fb534ca33922f03a3313b255fdad35a685eceaef13550da5e3884e43b4e828ba98a77025e5191d7596c5403b5bac1902aa8564d1
080713d960f5a01add34eb1a2987ad5df7742319394d34573dd35015d935ed2a66ccb06c036bb13c5f93d7582d430c9aa677f854bad725b7bed4bab57d42d625
20e059fc2c5df70c0d41a3b69acca026196fcab0d4ecc5a8d93b960b3c85da599a84a6fa95a5dbb5b8653dc23a1d0c9eabf383dd7ad5c2d078b9af549156df3d
f44f136c700fc4a30d2f81675470954af8f09020d810f5d49e24950db845ee8bc5ad0147ce2c210df741c16f7a41c90f72859adfc97965af90abf9cd72aee9fb
e562c72f16daadd243682c228c8a7efacda50bafa2e87cf1e5458d6f7c7d89966fdb2e0d599467eaeb4a5e11575f5f8aa5ed5f5f1c02a2f3a052ead6cbf55625
572f37bb39afddaae5ea41a5956b57826abbdb0efc5abdfbd0758e14d86b9603afd2a9e52ac520c8799582a45fabe7aa5ea9d4f4aacd5ac76b3e5c6c6360e5a9
7c2c6201e155bc76ff010000ffff0300504b0304140006000800000021000dd1909fb60000001b010000270000007468656d652f7468656d652f5f72656c732f
7468656d654d616e616765722e786d6c2e72656c73848f4d0ac2301484f78277086f6fd3ba109126dd88d0add40384e4350d363f2451eced0dae2c082e8761be
9969bb979dc9136332de3168aa1a083ae995719ac16db8ec8e4052164e89d93b64b060828e6f37ed1567914b284d262452282e3198720e274a939cd08a54f980
ae38a38f56e422a3a641c8bbd048f7757da0f19b017cc524bd62107bd5001996509affb3fd381a89672f1f165dfe514173d9850528a2c6cce0239baa4c04ca5b
babac4df000000ffff0300504b01022d0014000600080000002100e9de0fbfff0000001c0200001300000000000000000000000000000000005b436f6e74656e
745f54797065735d2e786d6c504b01022d0014000600080000002100a5d6a7e7c0000000360100000b00000000000000000000000000300100005f72656c732f
2e72656c73504b01022d00140006000800000021006b799616830000008a0000001c00000000000000000000000000190200007468656d652f7468656d652f74
68656d654d616e616765722e786d6c504b01022d0014000600080000002100aa5225dfc60600008b1a00001600000000000000000000000000d6020000746865
6d652f7468656d652f7468656d65312e786d6c504b01022d00140006000800000021000dd1909fb60000001b0100002700000000000000000000000000d00900007468656d652f7468656d652f5f72656c732f7468656d654d616e616765722e786d6c2e72656c73504b050600000000050005005d010000cb0a00000000}
{\*\colorschememapping 3c3f786d6c2076657273696f6e3d22312e302220656e636f64696e673d225554462d3822207374616e64616c6f6e653d22796573223f3e0d0a3c613a636c724d
617020786d6c6e733a613d22687474703a2f2f736368656d61732e6f70656e786d6c666f726d6174732e6f72672f64726177696e676d6c2f323030362f6d6169
6e22206267313d226c743122207478313d22646b3122206267323d226c743222207478323d22646b322220616363656e74313d22616363656e74312220616363
656e74323d22616363656e74322220616363656e74333d22616363656e74332220616363656e74343d22616363656e74342220616363656e74353d22616363656e74352220616363656e74363d22616363656e74362220686c696e6b3d22686c696e6b2220666f6c486c696e6b3d22666f6c486c696e6b222f3e}
{\*\latentstyles\lsdstimax371\lsdlockeddef0\lsdsemihiddendef0\lsdunhideuseddef0\lsdqformatdef0\lsdprioritydef99{\lsdlockedexcept \lsdqformat1 \lsdpriority0 \lsdlocked0 Normal;\lsdqformat1 \lsdpriority9 \lsdlocked0 heading 1;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 2;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 3;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 4;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 5;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 6;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 7;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 8;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 9;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 5;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 6;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 9;\lsdsemihidden1 \lsdlocked0 toc 1;
\lsdsemihidden1 \lsdlocked0 toc 2;\lsdsemihidden1 \lsdlocked0 toc 3;\lsdsemihidden1 \lsdlocked0 toc 4;\lsdsemihidden1 \lsdlocked0 toc 5;\lsdsemihidden1 \lsdlocked0 toc 6;\lsdsemihidden1 \lsdlocked0 toc 7;\lsdsemihidden1 \lsdlocked0 toc 8;
\lsdsemihidden1 \lsdlocked0 toc 9;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal Indent;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 footnote text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation text;\lsdsemihidden1 \lsdlocked0 header;
\lsdsemihidden1 \lsdlocked0 footer;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index heading;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority35 \lsdlocked0 caption;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 table of figures;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 envelope address;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 envelope return;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 footnote reference;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation reference;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 line number;\lsdsemihidden1 \lsdlocked0 page number;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 endnote reference;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 endnote text;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 table of authorities;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 macro;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 toa heading;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 5;\lsdqformat1 \lsdpriority10 \lsdlocked0 Title;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Closing;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Signature;\lsdsemihidden1 \lsdlocked0 Default Paragraph Font;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 4;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Message Header;\lsdqformat1 \lsdlocked0 Subtitle;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Salutation;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Date;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text First Indent;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text First Indent 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Note Heading;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Block Text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Hyperlink;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 FollowedHyperlink;\lsdqformat1 \lsdpriority22 \lsdlocked0 Strong;
\lsdqformat1 \lsdpriority20 \lsdlocked0 Emphasis;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Document Map;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Plain Text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 E-mail Signature;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Top of Form;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Bottom of Form;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal (Web);\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Acronym;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Address;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Cite;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Code;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Definition;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Keyboard;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Preformatted;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Sample;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Typewriter;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Variable;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal Table;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation subject;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 No List;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 6;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 6;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Contemporary;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Elegant;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Professional;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Subtle 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Subtle 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Balloon Text;\lsdpriority39 \lsdlocked0 Table Grid;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Theme;\lsdsemihidden1 \lsdlocked0 Placeholder Text;
\lsdqformat1 \lsdpriority1 \lsdlocked0 No Spacing;\lsdpriority60 \lsdlocked0 Light Shading;\lsdpriority61 \lsdlocked0 Light List;\lsdpriority62 \lsdlocked0 Light Grid;\lsdpriority63 \lsdlocked0 Medium Shading 1;\lsdpriority64 \lsdlocked0 Medium Shading 2;
\lsdpriority65 \lsdlocked0 Medium List 1;\lsdpriority66 \lsdlocked0 Medium List 2;\lsdpriority67 \lsdlocked0 Medium Grid 1;\lsdpriority68 \lsdlocked0 Medium Grid 2;\lsdpriority69 \lsdlocked0 Medium Grid 3;\lsdpriority70 \lsdlocked0 Dark List;
\lsdpriority71 \lsdlocked0 Colorful Shading;\lsdpriority72 \lsdlocked0 Colorful List;\lsdpriority73 \lsdlocked0 Colorful Grid;\lsdpriority60 \lsdlocked0 Light Shading Accent 1;\lsdpriority61 \lsdlocked0 Light List Accent 1;
\lsdpriority62 \lsdlocked0 Light Grid Accent 1;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 1;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 1;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 1;\lsdsemihidden1 \lsdlocked0 Revision;
\lsdqformat1 \lsdpriority34 \lsdlocked0 List Paragraph;\lsdqformat1 \lsdpriority29 \lsdlocked0 Quote;\lsdqformat1 \lsdpriority30 \lsdlocked0 Intense Quote;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 1;\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 1;
\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 1;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 1;\lsdpriority70 \lsdlocked0 Dark List Accent 1;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 1;\lsdpriority72 \lsdlocked0 Colorful List Accent 1;
\lsdpriority73 \lsdlocked0 Colorful Grid Accent 1;\lsdpriority60 \lsdlocked0 Light Shading Accent 2;\lsdpriority61 \lsdlocked0 Light List Accent 2;\lsdpriority62 \lsdlocked0 Light Grid Accent 2;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 2;
\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 2;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 2;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 2;\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 2;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 2;
\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 2;\lsdpriority70 \lsdlocked0 Dark List Accent 2;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 2;\lsdpriority72 \lsdlocked0 Colorful List Accent 2;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 2;
\lsdpriority60 \lsdlocked0 Light Shading Accent 3;\lsdpriority61 \lsdlocked0 Light List Accent 3;\lsdpriority62 \lsdlocked0 Light Grid Accent 3;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 3;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 3;
\lsdpriority65 \lsdlocked0 Medium List 1 Accent 3;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 3;\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 3;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 3;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 3;
\lsdpriority70 \lsdlocked0 Dark List Accent 3;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 3;\lsdpriority72 \lsdlocked0 Colorful List Accent 3;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 3;\lsdpriority60 \lsdlocked0 Light Shading Accent 4;
\lsdpriority61 \lsdlocked0 Light List Accent 4;\lsdpriority62 \lsdlocked0 Light Grid Accent 4;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 4;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 4;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 4;
\lsdpriority66 \lsdlocked0 Medium List 2 Accent 4;\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 4;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 4;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 4;\lsdpriority70 \lsdlocked0 Dark List Accent 4;
\lsdpriority71 \lsdlocked0 Colorful Shading Accent 4;\lsdpriority72 \lsdlocked0 Colorful List Accent 4;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 4;\lsdpriority60 \lsdlocked0 Light Shading Accent 5;\lsdpriority61 \lsdlocked0 Light List Accent 5;
\lsdpriority62 \lsdlocked0 Light Grid Accent 5;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 5;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 5;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 5;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 5;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 5;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 5;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 5;\lsdpriority70 \lsdlocked0 Dark List Accent 5;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 5;
\lsdpriority72 \lsdlocked0 Colorful List Accent 5;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 5;\lsdpriority60 \lsdlocked0 Light Shading Accent 6;\lsdpriority61 \lsdlocked0 Light List Accent 6;\lsdpriority62 \lsdlocked0 Light Grid Accent 6;
\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 6;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 6;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 6;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 6;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 6;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 6;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 6;\lsdpriority70 \lsdlocked0 Dark List Accent 6;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 6;
\lsdpriority72 \lsdlocked0 Colorful List Accent 6;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 6;\lsdqformat1 \lsdpriority19 \lsdlocked0 Subtle Emphasis;\lsdqformat1 \lsdpriority21 \lsdlocked0 Intense Emphasis;
\lsdqformat1 \lsdpriority31 \lsdlocked0 Subtle Reference;\lsdqformat1 \lsdpriority32 \lsdlocked0 Intense Reference;\lsdqformat1 \lsdpriority33 \lsdlocked0 Book Title;\lsdsemihidden1 \lsdunhideused1 \lsdpriority37 \lsdlocked0 Bibliography;
\lsdqformat1 \lsdlocked0 TOC Heading;\lsdpriority41 \lsdlocked0 Plain Table 1;\lsdpriority42 \lsdlocked0 Plain Table 2;\lsdpriority43 \lsdlocked0 Plain Table 3;\lsdpriority44 \lsdlocked0 Plain Table 4;\lsdpriority45 \lsdlocked0 Plain Table 5;
\lsdpriority40 \lsdlocked0 Grid Table Light;\lsdpriority46 \lsdlocked0 Grid Table 1 Light;\lsdpriority47 \lsdlocked0 Grid Table 2;\lsdpriority48 \lsdlocked0 Grid Table 3;\lsdpriority49 \lsdlocked0 Grid Table 4;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark;
\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 1;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 1;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 1;
\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 1;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 1;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 1;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 1;
\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 2;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 2;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 2;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 2;
\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 2;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 2;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 2;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 3;
\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 3;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 3;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 3;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 3;
\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 3;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 3;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 4;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 4;
\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 4;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 4;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 4;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 4;
\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 4;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 5;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 5;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 5;
\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 5;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 5;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 5;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 5;
\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 6;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 6;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 6;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 6;
\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 6;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 6;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 6;\lsdpriority46 \lsdlocked0 List Table 1 Light;
\lsdpriority47 \lsdlocked0 List Table 2;\lsdpriority48 \lsdlocked0 List Table 3;\lsdpriority49 \lsdlocked0 List Table 4;\lsdpriority50 \lsdlocked0 List Table 5 Dark;\lsdpriority51 \lsdlocked0 List Table 6 Colorful;
\lsdpriority52 \lsdlocked0 List Table 7 Colorful;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 1;\lsdpriority47 \lsdlocked0 List Table 2 Accent 1;\lsdpriority48 \lsdlocked0 List Table 3 Accent 1;\lsdpriority49 \lsdlocked0 List Table 4 Accent 1;
\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 1;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 1;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 1;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 2;
\lsdpriority47 \lsdlocked0 List Table 2 Accent 2;\lsdpriority48 \lsdlocked0 List Table 3 Accent 2;\lsdpriority49 \lsdlocked0 List Table 4 Accent 2;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 2;
\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 2;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 2;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 3;\lsdpriority47 \lsdlocked0 List Table 2 Accent 3;
\lsdpriority48 \lsdlocked0 List Table 3 Accent 3;\lsdpriority49 \lsdlocked0 List Table 4 Accent 3;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 3;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 3;
\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 3;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 4;\lsdpriority47 \lsdlocked0 List Table 2 Accent 4;\lsdpriority48 \lsdlocked0 List Table 3 Accent 4;
\lsdpriority49 \lsdlocked0 List Table 4 Accent 4;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 4;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 4;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 4;
\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 5;\lsdpriority47 \lsdlocked0 List Table 2 Accent 5;\lsdpriority48 \lsdlocked0 List Table 3 Accent 5;\lsdpriority49 \lsdlocked0 List Table 4 Accent 5;
\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 5;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 5;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 5;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 6;
\lsdpriority47 \lsdlocked0 List Table 2 Accent 6;\lsdpriority48 \lsdlocked0 List Table 3 Accent 6;\lsdpriority49 \lsdlocked0 List Table 4 Accent 6;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 6;
\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 6;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 6;}}{\*\datastore 0105000002000000180000004d73786d6c322e534158584d4c5265616465722e362e3000000000000000000000060000
d0cf11e0a1b11ae1000000000000000000000000000000003e000300feff090006000000000000000000000001000000010000000000000000100000feffffff00000000feffffff0000000000000000ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
fffffffffffffffffdfffffffeffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffff52006f006f007400200045006e00740072007900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000016000500ffffffffffffffffffffffff0c6ad98892f1d411a65f0040963251e500000000000000000000000020e5
940caef3d301feffffff00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff00000000000000000000000000000000000000000000000000000000
00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff0000000000000000000000000000000000000000000000000000
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff000000000000000000000000000000000000000000000000
0000000000000000000000000000000000000000000000000105000000000000}}