Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

LIFE INSURANCE ACT 1995 - SECT 46

Restriction on restructure or termination of statutory funds

             (1)  A life company must not:

                     (a)  change the statutory fund or funds to which a policy is referable; or

                     (b)  terminate a statutory fund;

except in accordance with:

                     (c)  subsection 35(4) and section 55; or

                     (d)  Division 3.

             (2)  Subsection (1) does not prevent a liquidator doing anything authorised or required by or under this Act or any other law of the Commonwealth or of a State or Territory.


[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]