Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 37

Capital payments to statutory funds

  (1)   Nothing in this Act prevents a life company from making a capital payment to a statutory fund.

  (2)   For the purposes of this Part, a life company makes a capital payment to a statutory fund if it credits to the fund an amount that:

  (a)   is not required to be credited to the fund; and

  (b)   does not represent any part of the assets of another statutory fund.


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