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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 63

1948 c.22

63.(1) The provisions of Schedule 5 shall have effect with regard to the
production of certificates of death in connection with the making of payments
relevant for the purposes of section 62.

(2) Where under any relevant insurance effected by a
registered society or branch money is for the time being insured to be paid to
the person by whom the insurance was taken out on the death of a parent or
grandparent of his, any assignment or charge made by him of or on all or any
of the rights in respect of the insurance conferred on him by the policy, [or
by Article 30 (provisions as to forfeited policies), or Article 35 (rights of
owners of certain endowment policies), of the Industrial Assurance (Northern
Ireland) Order 1979] and any agreement so made by him to assign or charge all
or any of those rights shall, except in the case of a charge or agreement to
charge for the purpose only of securing sums paid for keeping afoot or
restoring the insurance, be void; and on any bankruptcy of his none of those
rights shall pass to any trustee or other person acting on behalf of his
creditors.

(3) In this section "relevant insurance" has the same meaning as in
section 62.

(4) Any registered society or branch which fails to comply with the provisions
of section 62 shall be guilty of an offence under this section unless it is
proved that, owing to any false representation on the part of the proposer,
the society or branch did not know that the insurance was in contravention of
that section.

(5) A society or branch which is guilty of an offence under this section shall
be liable on summary conviction to a fine not exceeding #50.

1979 NI 13

© 1970 Crown Copyright

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