Commonwealth Numbered Regulations

1984 No. 248 LIFE INSURANCE REGULATIONS (AMENDMENT) - REG 1

After regulation 28A of the Life Insurance Regulations the following
regulation is inserted: Alterations of Fourth Schedule to Act

"28B. The provisions of the Fourth Schedule to the Act are altered-

   (a)  by omitting paragraphs (1) (c) and (d) and substituting the following
        paragraphs:

'(c) if the policy is effected upon the life of a male person-the ultimate
table of mortality for male lives included in the tables published by the
Institute of Actuaries and the Faculty of Actuaries under the title "a (90)
TABLES FOR ANNUITANTS";

   (d)  if the policy is effected upon the life of a female person-the
        ultimate table of mortality for female lives included in the tables
        published by the Institute of Actuaries and the Faculty of Actuaries
        under the title "a (90) TABLES FOR ANNUITANTS"; or';

   (b)  by omitting from paragraph (2) (a) '7 per centum' and substituting '12
        per centum'; and

   (c)  by omitting from paragraph (2A) (a) '5.5 per centum' and substituting
        '8 per centum'.".