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.