Unclaimed Life Assurance Policies Act 2003

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Number 2 of 2003

UNCLAIMED LIFE ASSURANCE POLICIES ACT 2003

ARRANGEMENT OF SECTIONS

Preliminary and General

Section
1.	Short title, collective citation and commencement.
2.	Interpretation.
3.	Regulations and orders.
4.	Expenses.
5.	Penalties and proceedings.

PART 2

Unclaimed Policies

Chapter 1

Application of Act

6.	Unclaimed policies.
7.	Extension of application of Act.

Chapter 2

Notice Procedure

8.	Notice to policy holders.
9.	Publication of notice.

Chapter 3

Transfer of Moneys to Dormant Accounts Fund

10.	Transfer of moneys to Fund.
11.	Prohibition on transfer of moneys under section 10.
12.	Register of unclaimed policies.
13.	Disclosure of information for statistical purposes.
14.	Rights of policy holders.

Chapter 4

Processing of Claims under Unclaimed Policies

15.	Processing of claims.
16.	Processing of claims where insurance undertaking is wound up, etc.

PART 3

Compliance with Act

Chapter 1

Certificate of Compliance

17.	Certificate of compliance.

Chapter 2

Inspections

18.	Interpretation (Chapter 2).
19.	Authorisation of inspectors.
20.	Power to inspect records.
21.	Power to inspect insurance undertakings carrying on life assurance business in the State by way of branch establishment or by way of services into the State.
22.	Inspector's report.
23.	Privilege of inspector.
24.	Disclosure of information to inspector.
25.	Failure to comply with Act.

PART 4

Miscellaneous

26.	Confidentiality.
27.	Amendments to Act of 2001.

SCHEDULE 1

Part A of Annex I to the Life Regulations of 1994

SCHEDULE 2

Amendments to Act of 2001

Acts Referred to
Data Protection Act 1988	1988, No. 25
Dormant Accounts Act 2001	2001, No. 32
Equal Status Act 2000	2000, No. 8
European Communities (Amendment) Act 1993	1993, No. 25
European Communities Act 1972	1972, No. 27
Insurance Act 1989	1989, No. 3
Insurance Acts 1909 to 2000
Organisation of Working Time Act 1997	1997, No. 20
Pensions (Amendment) Act 2002	2002, No. 18
Petty Sessions (Ireland) Act 1851	14 & 15 Vict., c. 93
Powers of Attorney Act 1996	1996, No. 12
Taxes Consolidation Act 1997	1997, No. 39

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Number 2 of 2003

UNCLAIMED LIFE ASSURANCE POLICIES ACT 2003

AN ACT TO PROVIDE FOR THE TRANSFER OF MONEYS PAYABLE UNDER UNCLAIMED LIFE ASSURANCE POLICIES TO THE DORMANT ACCOUNTS FUND ESTABLISHED UNDER THE DORMANT ACCOUNTS ACT 2001, TO PROVIDE FOR THE PAYMENT OF MONEYS FROM THE FUND, TO PROVIDE FOR THE APPOINTMENT OF INSPECTORS, AND FOR THOSE AND OTHER PURPOSES TO AMEND AND EXTEND THE DORMANT ACCOUNTS ACT 2001 AND TO PROVIDE FOR RELATED MATTERS. [22nd February 2003]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

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