SI 78/1940
WHEREAS it is enacted by subsection (6) of section 2 of the Assurance Companies Act, 1909, as adapted by or under subsequent enactments and as amended or extended by subsequent enactments and, in particular, by the Insurance Act, 1936 (No. 45 of 1936), that the Minister for Industry and Commerce may make rules with respect to applications for warrants, the payment of deposits, and the investment thereof or dealing therewith, the deposit of stocks or other securities in lieu of money, the payment of the interest or dividends from time to time accruing due on any securities in which deposits are for the time being invested, and the withdrawal and transfer of deposits.
NOW, the Minister for Industry and Commerce, in exercise of the powers conferred on him by section 2 of the Assurance Companies Act, 1909, as so adapted and as so amended or extended, and of every and any other power him in this behalf enabling, hereby makes the following rules: