Application
197 Application
Section 23 of the Life Insurance Act 1995, as amended by this Part, applies:
to a life company registered before the commencement of this Part, whose current financial year ends before 31 December 1998, on and after the last day of the company's next financial year; and
to a life company registered before the commencement of this Part, whose current financial year ends on or after 31 December 1998, on and after the last day of that financial year; and
to all other life companies on and after the commencement of this Part.
Schedule 14-Amendment of the Reserve Bank Act 1959
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