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FOURTH SCHEDULE.
Limitations on Rights on Forfeiture for Non-payment of Premium.
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PART I.
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Policies of Whole Life Assurance.
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Year in which the forfeiture occurs.
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Minimum period of payment of premiums.
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1938
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10 years
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1939
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9 years
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1940
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8 years
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1941
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7 years
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1942
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6 years
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1943
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5 years
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1944
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4 years
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1945, or any subsequent year
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3 years
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PART II.
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Endowment or Endowment Assurance Policies, where the Original Term of the Policy is not Less than 16 Years.
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Year in which the forfeiture occurs.
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Minimum period of payment of premiums.
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1938
|
10 years
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1939
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9 years
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1940
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8 years
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1941
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7 years
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1942
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6 years
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1943
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5 years
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1944
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4 years
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1945, or any subsequent year
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3 years
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PART III.
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Endowment or Endowment Assurance Policies, where the Original Term of the Policy is Less than 16 Years.
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Year in which the forfeiture occurs.
|
Minimum period of payment of premiums.
|
|
1938
|
10 years
|
|
1939
|
9 years
|
|
1940
|
8 years
|
|
1941
|
7 years
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1942
|
6 years
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1943
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5 years
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1944
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4 years
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1945
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3 years
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1946, or any subsequent year
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2 years
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