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Conversion of Provisional into Approved Societies or transfer of members to other Societies, &c.
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5.—(1) The Insurance Commissioners may take such steps as they think expedient for enabling Provisional Irish Societies before the appointed day:—
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(a) to become properly constituted and approved Irish Societies or branches thereof:
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(b) to transfer their engagements as respects any of their members to one or more other Irish Societies or to branches thereof:
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and the Insurance Commissioners shall have power to give directions for the purpose, including power to apply with or without modification any regulations made in pursuance of Section 31 and Clauses (a), (b), and (d) of Paragraph 1 of Part I. of the Fourth Schedule to the Act of 1918, as to the transfer of engagements.
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(2) The steps taken by the Insurance Commissioners under the foregoing sub-section may include steps for enabling a branch of a Provisional Irish Society to become a separate Approved Irish Society.
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(3) Provisional Irish Societies shall be deemed to be Approved Societies until the appointed day, but on and after the appointed day no Provisional Irish Society shall be deemed to be an Approved Society, and all insured persons resident in Saorstát Eireann who immediately before the appointed day are members of a Provisional Irish Society shall on the appointed day be transferred to the Dissolved Societies' Fund of Saorstát Eireann, and the Insurance Commissioners shall have power to give directions for the purpose, including power to apply with or without modification any regulations as to transfers to the Dissolved Societies' Fund made in pursuance of Section 28 and Paragraph B of the First Schedule to the Act of 1913.
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