Life Insurance Act definition

Life Insurance Act means the Life Insurance Act 2000 (as amended from time to time) including the regulations and prudential standards made under this Act;
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Life Insurance Act means the Life Insurance Act 1995 and Life Insurance Regulations;
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Life Insurance Act means the Life Insurance Act 1995 .
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Examples of Life Insurance Act in a sentence

  • This profit sharing is governed by the Life Insurance Act 1995 (Cth) and the life insurance companies’ constitutions.

  • The Australian life insurance operations of the Group consist of investment-linked business and non-investment-linked business, which are conducted in separate statutory funds as required under the Life Insurance Act 1995 (Cth).

  • The main restrictions are that the assets in a statutory fund can only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of the fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • The assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions of the Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.

  • No depend- ency and indemnity compensation or death compensation shall be paid to any surviving spouse, child or parent based on the death of a commissioned Department of Veterans Affairs § 3.6 officer of the Public Health Service, the Coast and Geodetic Survey, the En- vironmental Science Services Adminis- tration, or the National Oceanic and Atmospheric Administration occuring on or after May 1, 1957, if any amounts are payable under the Federal Employ- ees’ Group Life Insurance Act of 1954 (Pub.

  • The Policy may be cancelled by Us in accordance with the provisions of the Life Insurance Act 1995 (Cth) or any other relevant legislation.

  • The main restrictions are that the assets in a statutory fundcan only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of that fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • The main restrictions are that the assets in a statutory fund can only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of that fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • All assets held in statutory funds are considered to back policy liabilities and are classified at fair value through profit or loss.Assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions of the Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.

  • All assets held in statutory funds are considered to back policy liabilities and are classified at fair value through profit or loss.Assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions ofthe Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.


More Definitions of Life Insurance Act

Life Insurance Act means Life Insurance Act 1995.
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Life Insurance Act means the Life Insurance Act 2000.
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Life Insurance Act means the Life Insurance Act 1995 including amendments, regulations and any policies, determinations or requirements issued by the relevant regulator that we determine will apply to this Policy.
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Related to Life Insurance Act

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance Regulator means, with respect to any jurisdiction, the Governmental Authority charged with the supervision of insurance companies in such jurisdiction.