sec.11Investment of moneys, allocation of interest and expenses etc.

sec.11 Investment of moneys, allocation of interest and expenses etc.

Separate accounts must continue to be kept identifying amounts and securities held for the funeral benefit business of each corporation. The accounts must identify payments made under this part into the fund from the benefits trust funds of the corporations. Interest payable by the Treasury to the fund in respect of moneys not otherwise invested shall be at a rate determined from time to time by the Treasurer. Interest earned by investments from moneys in the fund or paid by the Treasury shall be paid into the fund and allocated proportionately to the respective accounts of the corporations concerned. Any expenses of administration of the fund shall be paid out of the fund and allocated proportionately as expenses among the respective accounts of the corporations concerned. s 11 amd 1993 No. 82 s 3 sch 1 ; 1995 No. 57 s 4 sch 1 ; 1996 No. 54 s 9 sch (sec.11-ssec.1) Separate accounts must continue to be kept identifying amounts and securities held for the funeral benefit business of each corporation. (sec.11-ssec.2) The accounts must identify payments made under this part into the fund from the benefits trust funds of the corporations. (sec.11-ssec.4) Interest payable by the Treasury to the fund in respect of moneys not otherwise invested shall be at a rate determined from time to time by the Treasurer. (sec.11-ssec.5) Interest earned by investments from moneys in the fund or paid by the Treasury shall be paid into the fund and allocated proportionately to the respective accounts of the corporations concerned. (sec.11-ssec.6) Any expenses of administration of the fund shall be paid out of the fund and allocated proportionately as expenses among the respective accounts of the corporations concerned.