52Re-assignment by Board of policy of assurance

52 Re-assignment by Board of policy of assurance

52 Re-assignment by Board of policy of assurance

Where the Board has accepted assignment of a policy to which section 51 applies it may, at any time before maturity of the policy, re-assign it to the assignor upon repayment to the Board of the sum of—

(a) the total amount of the premiums paid by the Board, and

(b) interest as provided by section 53 on the premiums paid by the Board from their respective dates of payment to the date of the re-assignment.