National Health Insurance Act, 1942

Provisions in relation to reserve values, transfer values and transfers of insurance.

13.—(1) After the passing of this Act no reserve value or transfer value shall be credited or debited under the Acts in respect of any entry into, or transfer of, or cessation from, insurance which occurred before the 1st day of January, 1939.

(2) Any outstanding reserve values remaining, after the apportionment referred to in section 9 of this Act has been completed, to the credit of the Society or the Military Forces (International Arrangements) Insurance Fund shall be cancelled.

(3) Any transfers of insurance, which have occurred before the 1st day of January, 1939, and which have not been dealt with under the Acts, shall be dealt with under the immediately preceding section of this Act.