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Life Insurance Act 1995
37Capital payments to statutory funds
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37 Capital payments to statutory funds
(1) Nothing in this Act prevents a life company from making a capital payment to a statutory fund. (2) For the purposes of this Part, a life company makes a capital payment to a statutory fund if it credits to the fund an amount that: (a) is not required to be credited to the fund; and (b) does not represent any part of the assets of another statutory fund.