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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 22 February 2003

Unclaimed Life Assurances Policies Act 2003 (No. 2)

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Introductory Text
Acts Referred to
Part 1 Preliminary and General (ss. 1-5)
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1. Short title, collective citation and commencement.
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2. Interpretation.
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3. Regulations and orders.
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4. Expenses.
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5. Penalties and proceedings.
Part 2 Unclaimed Policies (ss. 6-16)
Chapter 1 Application of Act (ss. 6-7)
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6. Unclaimed policies.
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7. Extension of application of Act.
Chapter 2 Notice Procedure (ss. 8-9)
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8. Notice to policy holders.
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9. Publication of notice.
Chapter 3 Transfer of Moneys to Dormant Accounts Fund (ss. 10-14)
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10. Transfer of moneys to Fund.
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11. Prohibition on transfer of moneys under section 10.
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12. Register of unclaimed policies.
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13. Disclosure of information for statistical purposes.
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14. Rights of policy holders.
Chapter 4 Processing of Claims under Unclaimed Policies (ss. 15-16)
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15. Processing of claims.
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16. Processing of claims where insurance undertaking is wound up, etc.
Part 3 Compliance with Act (ss. 17-25)
Chapter 1 Certificate of Compliance (s. 17)
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17. Certificate of compliance.
Chapter 2 Inspections (ss. 18-25)
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18. Interpretation (Chapter 2).
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19. Authorisation of inspectors.
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20. Power to inspect records.
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21. Power to inspect insurance undertakings carrying on life assurance business in the State by way of branch establishment or by way of services into the State.
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22. Inspector's report.
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23. Privilege of inspector.
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24. Disclosure of information to inspector.
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25. Failure to comply with Act.
Part 4 Miscellaneous (ss. 26-27)
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26. Confidentiality.
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27. Amendments to Act of 2001.
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Schedule 1 Part A of Annex I to the Life Regulations of 1994
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Schedule 2 Amendments to Act of 2001