National Health Insurance Act, 1942
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Provisions in relation to certain insured persons. |
12.—(1) Where an insured person ceases to be a member of the Society or the Military Forces (International Arrangements) Insurance Fund (in this section referred to as the Fund) and, under the provisions of any order made in pursuance of section 17 of the Act of 1923, his insurance in another country is treated as a continuation of his former insurance as a member of the Society or the Fund, as the case may be, the appropriate transfer value shall be debited to the Society or the Fund, as the case may be. | |
(2) Where an insured person becomes a member of the Society or the Fund and, under the provisions of any order made in pursuance of section 17 of the Act of 1923, his insurance as a member of the Society or the Fund is treated as a continuation of a former insurance in another country, the appropriate transfer value shall be credited to the Society or the Fund, as the case may be. | ||
(3) Where an insured person ceases to be a member of the Fund, and becomes a member of the Society, the appropriate transfer value shall be debited to the Fund and credited to the Society. | ||
(4) For the purpose of this section “appropriate transfer value” means an amount to be calculated in accordance with tables to be prepared by the Minister. | ||
(5) This section shall be deemed to have come into operation on and shall have effect as on and from the 1st day of January, 1939. |