239
In forceImposition of duty
Chapter 8Insurance
Part 2Life insurance
239 Imposition of duty
This Part charges duty on—
(a)
a policy of life insurance, and
(b)
a life insurance rider.
Notes.
(1)
Insurance is defined in the Dictionary to include assurance.
(2)
Generally, the insurer with whom the policy is effected is the person liable to pay the duty. But there are circumstances in which the person insured is liable to pay the duty. These circumstances are set out in section 245.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.