NSWIn ForceAct
Duties Act 1997
242Obligation to make out and execute a policy of life insurance
Start here
Get a plain-English read of 242
Turn the raw legal text into a practical explanation grounded in Duties Act 1997.
242 Obligation to make out and execute a policy of life insurance
242 Obligation to make out and execute a policy of life insurance
A life company must, on or before the twenty-first day of each month—
(a) make out and execute a policy of life insurance for each contract or agreement for life insurance effected by or on behalf of the life company in the preceding month, and
(b) endorse the policy in the manner approved by the Chief Commissioner.