CTHIn ForceAct
Life Insurance Act 1995
10Issue and ownership of policies
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10 Issue and ownership of policies
(1) For the purposes of this Act: (a) a life company issues a policy when the company enters into the contract that constitutes the policy; and (b) a policy is issued to the person with whom the life company enters into the contract. (2) For the purposes of this Act, the owner of a policy is: (a) the person to whom the policy is issued; or (b) if the rights of that person under the policy have been assigned under this Act or transferred by the operation of the policy, the person who has those rights.