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LIFE INSURANCE ACT 1995 No. 4 of 1995 - SECT 29 What is a statutory fund?

LIFE INSURANCE ACT 1995 No. 4 of 1995 - SECT 29

What is a statutory fund?
29. A statutory fund is a fund that:

   (a)  is established in the records of a life company; and

   (b)  relates solely to the life insurance business of the company or a
        particular part of that business.