14Registration of company to carry on contributory funeral benefit business

14 Registration of company to carry on contributory funeral benefit business

14 Registration of company to carry on contributory funeral benefit business

(1) On receipt of an application for registration from a company under section 12, the Secretary may, subject to subsection (2), register or refuse to register the company to carry on contributory funeral benefit business.

(2) The Secretary shall refuse to register a company to carry on contributory funeral benefit business if the Secretary is satisfied that—

(a) the application for registration was not made in accordance with section 12,

(b) the company will not be able to carry on contributory funeral benefit business successfully, or

(c) the company is not entitled to be so registered under section 13, or

(d) the company is not fit to be registered having regard to the character and reputation of the directors and other officers of the company.

s 14: Am 2003 No 61, Sch 1 [15].