Page:Public General Statutes 1896.djvu/330

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Ch. 26.

Collecting Societies and Industrial Assurance Companies Act, 1896.

59 & 60 Vict.

place of business of the society or company, and, in the case of an industrial assurance company, at less periodical intervals than two months:

Provided that nothing in this Act shall, except as expressly provided thereby, apply to any assurance with an industrial assurance company the premiums in respect of which are receivable at greater periodical intervals than two months.

Copies of rules and policies.2.—{1.) A collecting society shall deliver to every person, on his becoming a member of or insuring with the society, a copy of the rules of the society, together with a printed policy signed by two of the committee and by the secretary, at a price not exceeding one penny for the rules and one penny for the policy.

(2.) In the case of a family enrolled in one book or card, one copy of rules and one family policy shall be sufficient.

Notice before forfeiture.3. A forfeiture shall not be incurred by any member or person insured in a collecting society or industrial assurance company by reason of any default in paying any contribution until after—

(a) notice stating the amount due by him, and informing him that in case of default of payment by him within a reasonable time, not being less than fourteen days, and at a place to be specified in the notice, his interest or benefit will be forfeited, has been served upon him by or on behalf of the society or company; and

(b) default has been made by him in paying his contribution in accordance with that notice.

Transfers without written consent.4.—(1.) A member of or person insured with a collecting society or industrial assurance company shall not, except in the case of —

(a) as respects a collecting society, an amalgamation transfer of engagements or conversion into a company under the Friendly Societies Act, 1896 59 & 60 Vict, c. 25.; or

(b) as respects an industrial assurance company, an amalgamation or transfer of business under the Life Assurance Companies Acts, 1870 to 1872 33 & 34 Vict. c. 61.
34 & 35 Vict. c. 58.
35 & 36 Vict. c. 42.

become or be made a member of or be insured with any other such society or company without his written consent, or, in the case of an infant, without the consent of his father or other guardian.

(2.) The society or company to which the member or person is sought to be transferred shall, within seven days from his application for admission to that society or company, give notice thereof in writing to the society or company from which he is sought to be transferred.

General meetings5.—(1.) At least one general meeting of every collecting society and industrial assurance company shall be held in every year.

(2.) Except where the day, hour, and place of an annual or other periodical meeting is fixed by the rules, notice of every general meeting shall either be given by the society or company to the members by advertisement to be published at least twice in two or more of the newspapers in general circulation in every county where the society or company carries on business, or be served upon every member.