Insurance Act, 1936

Application of Act of 1909 to certain classes of assurance business.

104.—Where an assurance company carries on one or more of the following classes of assurance business, that is to say, public liability insurance business, engineering insurance business, glass insurance business, guarantee insurance business, or burglary insurance business, the Act of 1909 shall apply to such company and to such one or more of the said classes of assurance business as is or are carried on by such company but with and subject to the following modifications, that is to say:—

(a) sections 5 and 6 of the Act of 1909 shall not apply to such company, and

(b) such company shall annually prepare one statement of its assurance business in such form as the Minister shall from time to time direct, and sub-section (1) of section 7 of the Act of 1909 shall apply thereto as if such statement were a statement required to be made by a provision of that Act prior to the said section 7, and

(c) section 32 (except paragraphs (a), (b) and (c) thereof) shall apply to such company with the substitution in the said section of the words ‘public liability insurance business, engineering insurance business, glass insurance business, guarantee insurance business, or burglary insurance business’ for the words ‘accident insurance business' wherever those words occur in the said section as applied by this paragraph.