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Assurance Companies Act, 1909 (No. 49)Introductory TextCompanies to which Act applies (s. 1)1. Companies to which Act applies.General (ss. 2-29)2. Deposit.3. Separation of funds.4. Accounts and balance sheets.5. Actuarial report and abstract.6. Statement of assurance business.7. Deposit of accounts, &c. with Board of Trade.8. Right of shareholders, &c. to copies of accounts, &c.9. Audit of accounts.10. List of shareholders.11. Deed of settlement.12. Publication of authorised, subscribed, and paid-up capital.13. Amalgamation or transfer.14. Statements in case of amalgamation or transfer.15. Special provisions as to winding up of assurance companies.16. Winding up of subsidiary companies.17. Valuation of annuities and policies.18. Power to Court to reduce contracts.19. Extension of 8 Edw. 7. c. 69. s. 274, to all assurance companies established outside the Saorstát Eireann.20. Custody and inspection of documents deposited with Bank.21. Evidence of documents.22. Alteration of forms.23. Penalty for non-compliance with Act.24. Penalty for falsifying statements etc.25. Recovery and application of penalties.26. Service of notices.27. Bank to lay accounts etc. before Oireachtas.28. Savings.29. Interpretation.Application to Special Classes of Business (ss. 30-35)30. Application to life assurance companies.31. Application to fire insurance companies.32. Application to accident insurance companies.33. Application to employers' liability insurance companies.34. Application to bond investment companies.35. Power of Bank to exempt unregistered trade unions and friendly societies.Provisions as to Collecting Societies and Industrial Assurance Companies (s. 36)36. Provisions as to collecting societies and industrial assurance companies.Supplemental (ss. 37-38)37. Repeal38. Short title and commencement.Schedule 1Schedule 2Schedule 3Schedule 4Schedule 5Schedule 6 Rules for Valuing Policies and LiabilitiesSchedule 7Schedule 8 Requirements to be complied with by Underwriters being Members of Lloyd's or of any other Association of Underwriters approved by the BankSchedule 9 Enactments Repealed
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 1910 - onwards
Version 2 of 2

25. Recovery and application of penalties.

Every penalty imposed by this Act shall be recovered and applied in the same manner as penalties imposed by the Companies (Consolidation) Act, 1908, are recoverable and applicable.

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