Page:Public General Statutes 1896.djvu/332

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312

Ch. 26.

Collecting Societies and Industrial Assurance Companies Act, 1896.

59 & 60 Vict.

Exemption from foregoing provisions.11.—(1.) The chief registrar may, on the application of a collecting society registered or applying for registry, with the approval in each case of the Treasury, grant to the society a certificate of exemption from the foregoing provisions of this Act, in any case in which he is of opinion that the society is not one to which those provisions ought to apply.

(2.) The certificate shall be subject to revocation by the chief registrar, with the approval in each case of the Treasury, but shall remain in force until so revoked, and until notice of the revocation has been advertised in the London Gazette and in some newspaper in general circulation in the neighbourhood of the registered office of the society, and also transmitted by a registered letter to the society.

(3.) So long as the certificate is in force the society shall be subject to all the provisions and entitled to all the privileges of the Friendly Societies Act, 1896 59 & 60 Vict. c. 25., as if it were a friendly society not receiving contributions by means of collectors at a greater distance than ten miles from the registered office.

Inspectors, special meetings, and dissolution of collecting societies.12. The provisions of section seventy-six and sections seventy-eight to eighty-three of the Friendly Societies Act, 1896, relating to the appointment of inspectors, the calling of special meetings, and the dissolution of registered societies, shall apply to every collecting society, and in the case of a society having branches shall so apply without the consent of the central body of the society.

Assurances on children's lives by industrial assurance companies.13.—(1.) The provisions of sections sixty-two to sixty -seven and section eighty-four of the Friendly Societies Act, 1896, relating to payments on the death of children, shall extend to industrial assurance companies, as if the word society where used in those sections included all industrial companies assuring the payment of money on the death of children under the age of ten years.

(2.) An assurance made, or to be made by an industrial assurance company, of a sum of money payable on the death of a child under the age of ten years, which would be valid if effected with a registered society, shall not be invalidated by reason of any provision contained in the Life Assurance Act, 1774 14 Geo. 3. c. 48.

(3.) The provisions of this section shall extend to industrial assurance companies which do not receive premiums by means of collectors at a greater distance than ten miles from their principal place of business, and to assurances with any such company the premiums in respect of which are receivable at greater periodical intervals than two months.

Offences.14.—(1.) It shall be an offence under this Act if —

(a) a collector of a collecting society or industrial assurance company becomes a member of the committee, or holds any other office (except as in this Act provided) in the society or company, or a member of the committee becomes a collector, or a collector votes at or takes part in the proceedings of a general meeting;

(b) a person attempts to transfer a member or person insured from one collecting society or industrial assurance company