Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 36

Payments to statutory fund

                   The following amounts must be credited by a life company to a statutory fund:

                     (a)  premiums payable under policies referable solely to the fund;

                     (b)  in the case of a policy that is referable to the 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 fund;

                     (c)  amounts paid to the company in relation to a liability under section 48 or 50 in relation to the fund;

                     (d)  income from the investment of assets of the fund;

                     (e)  money paid to or by the company under a judgment of a court relating to any matter concerning the business of the fund or any failure to comply with this Part in relation to the fund;

                      (f)  any other money received by the life company in connection with its conduct of the business of the fund.



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