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Regulations.
27 & 28 Vict. c. 43.
16 & 17 Vict. c. 45.
38 & 39 Vict. c. 60.
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6. The regulations made in pursuance of section sixteen of the Government Annuities Act, 1864, shall provide:—
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(a.) For proofs of age, of identity, and state of health, and such other matters as appear necessary or proper for the grant of annuities and insurances, and in the case of an insurance for such sum not exceeding twenty-five pounds as may be fixed by the regulations, for diminishing the amount to be paid to the insured in the event of any regulation as to medical certificates or any other matters having been dispensed with; and
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(b.) For regulating the time and mode of making the payments to obtain savings banks annuities and insurances, whether granted before or after the passing of this Act, and enabling them to be made out of the deposits in a savings bank; and
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(c.) For crediting the accounts of depositors in a savings bank with the sum due in respect of savings bank annuities or insurances granted to them either before or after the passing of this Act, or otherwise for regulating the mode of payment of such annuities or insurances, or of any annuities granted under any Acts repealed by the Government Annuities Act, 1853, and for regulating the receipts to be given for the same; and
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(d.) For cancelling or varying contracts for the grant of annuities and insurances and correcting errors arising on any such grant; and
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(e.) For enabling a person to whom an insurance is granted to nominate a person to whom the money due under such insurance, not exceeding [1
one hundred] pounds, is to be paid on the death of such person, and for the discharge to be given for such money; and
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(f.) In the case of minors under the age of twenty-one years for the making of contracts, the making of payments to obtain savings bank annuities and insurances out of the deposits in a savings bank, the giving of receipts and the doing of other acts on their behalf; and the contracts and payments so made, the receipts so given, and acts so done shall be valid and binding on the minor.
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The regulations shall also make such provisions as seem to the authority making the same necessary or proper for making payments on the death of children under ten years of age subject to the provisions contained in section twenty-eight of the Friendly Societies Act, 1875, in like manner as if the same were the payments in that section mentioned.
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Regulations may be made, in pursuance of the said section sixteen of the Government Annuities Act, 1864, as amended by this Act, by the National Debt Commissioners, with the approval of the Treasury, so far as regards any annuities and insurances granted by such Commissioners either directly or through any parochial or other society.
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[1 Substituted for fifty by 46 & 47. Vict. c. 47 s. 3.] |
