S.I. No. 73/1927 - National Health Insurance (Reserve Suspense Fund) Regulations, 1927.

SAORSTAT EIREANN. STATUTORY RULES AND ORDERS. 1927. No. 73.NATIONAL HEALTH INSURANCE.

(RESERVE SUSPENSE FUND) REGULATIONS, 1927.

Regulations made by the Irish Insurance Commissioners with the concurrence of the Minister for Local Government and Public Health under the National Health Insurance Acts, 1911-1926. Dated 29th August, 1927.

The Irish Insurance Commissioners in exercise of the powers conferred on them by the National Health Insurance Acts, 1911 to 1926, and of all other powers enabling them in that behalf do hereby with the concurrence of the Minister for Local Government and Public Health make the following Regulations:—

1. These Regulations may be cited as the National Health Insurance (Reserve Suspense Fund) Regulations, 1927.

2. The Reserve Suspense Fund (hereinafter referred to as "the Fund") shall be kept in two parts, the one relating to the transfer values of insured persons being men (hereinafter referred to as "the Men's Account") and the other relating to the transfer values of insured persons being women (hereinafter referred to as "the Women's Account") and the sums carried to and charged to the Fund as the case may be, shall:—

(a) so far as they relate to insured persons being men, be credited and debited in the Men's Account: and

(b) so far as they relate to insured persons being women, be credited and debited to the Women's Account.

3. The Reserve values to be credited in any year to a society in respect of persons becoming members of such society for the purposes of the Acts shall be provided out of the sums standing to the credit of the Fund, and if, and in so far as those sums are insufficient, the deficiency shall be provided out of the Initial Reserve Values Account, and the Reserve Values (Apportionment) Account in such proportions as may be determined by the Irish Insurance Commissioners.

4. At the end of each year such part as the Irish Insurance Commissioners may determine of any balance in the Fund remaining after such reserve has been made, as in their opinion, is necessary to meet the liabilities of the Fund, including the liability in respect of sanatorium benefit (together with expenses of administration) to be provided for members of approved societies who have attained the age of 70, shall, so far as it represents reserve values, be transferred to the Initial Reserve Values Account, and so far as it represents cash be transferred to the Reserve Values (Apportionment) Account.

5. These regulations shall have effect as from the 1st day of January, 1924.

Given under the Official Seal of the Irish Insurance Commissioners this 29th day of August in the year one thousand nine hundred and twenty-seven.

JOHN HOULIHAN,

Secretary to the Irish Insurance Commissioners.