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Unclaimed Life Assurances Policies Act 2003 (No. 2)Introductory TextActs Referred toPart 1 Preliminary and General (ss. 1-5)1. Short title, collective citation and commencement.2. Interpretation.3. Regulations and orders.4. Expenses.5. Penalties and proceedings.Part 2 Unclaimed Policies (ss. 6-16)Chapter 1 Application of Act (ss. 6-7)6. Unclaimed policies.7. Extension of application of Act.Chapter 2 Notice Procedure (ss. 8-9)8. Notice to policy holders.9. Publication of notice.Chapter 3 Transfer of Moneys to Dormant Accounts Fund (ss. 10-14)10. Transfer of moneys to Fund.11. Prohibition on transfer of moneys under section 10.12. Register of unclaimed policies.13. Disclosure of information for statistical purposes.14. Rights of policy holders.Chapter 4 Processing of Claims under Unclaimed Policies (ss. 15-16)15. Processing of claims.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)17. Certificate of compliance.Chapter 2 Inspections (ss. 18-25)18. Interpretation (Chapter 2).19. Authorisation of inspectors.20. Power to inspect records.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.22. Inspector's report.23. Privilege of inspector.24. Disclosure of information to inspector.25. Failure to comply with Act.Part 4 Miscellaneous (ss. 26-27)26. Confidentiality.27. Amendments to Act of 2001.Schedule 1 Part A of Annex I to the Life Regulations of 1994Schedule 2 Amendments to Act of 2001
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 March 2003 - onwards
Version 2 of 2

14. Rights of policy holders.

The transfer of moneys to the Fund under section 10 is without prejudice to the rights of policy holders as provided for in the documents constituting, or the enactments governing, insurance undertakings.

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