Local Authorities (Mutual Assurance) Act, 1928
What is this act about?
This law provides retrospective protection to Irish Public Bodies Mutual Insurances Limited for certain matters and amends the Local Authorities (Mutual Assurance) Act, 1926. It ensures that this specific company is treated as if it always complied with the relevant laws and defines "mutual insurance."
Who it applies to: Irish Public Bodies Mutual Insurances Limited; Holders of policies issued by Irish Public Bodies Mutual Insurances Limited.
At a glance
- Country
- Ireland
- Area of law
- Banking, insurance and financial markets
- Articles
- 5
- Source
- irishstatutebook.ie
- Text retrieved
- Explanation updated
What does this act regulate?
- The status and exemptions of Irish Public Bodies Mutual Insurances Limited.
- The compliance of the Memorandum and Articles of Association of Irish Public Bodies Mutual Insurances Limited with company law.
- The validity of assurance policies issued by Irish Public Bodies Mutual Insurances Limited.
- The meaning of "mutual insurance" within the Principal Act.
Who does this act apply to?
- Irish Public Bodies Mutual Insurances Limited.
- Holders of policies issued by Irish Public Bodies Mutual Insurances Limited.
What are the key points?
- Irish Public Bodies Mutual Insurances Limited is deemed to have always been and continues to be a company to which the Principal Act applies.
- The company is exempt from provisions of the Assurance Companies Act, 1909, relating to deposits under that Act.
- All policies issued by Irish Public Bodies Mutual Insurances Limited are considered policies of mutual insurance within the meaning of the Principal Act.
- If Irish Public Bodies Mutual Insurances Limited alters its Memorandum of Association after this Act, it will lose its special status and exemptions under this section.
Banking, insurance and financial markets
Banking, insurance and financial markets
Legal text
Legal text
Local Authorities (Mutual Assurance) Act, 1928 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1928 Local Authorities (Mutual Assurance) Act, 1928 Local Authorities (Mutual Assurance) Act, 1928 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 21 of 1928.
LOCAL AUTHORITIES (MUTUAL ASSURANCE) ACT, 1928.
ARRANGEMENT OF SECTIONS Section
Section 1
The Principal Act.
Section 2
Protection of Irish Public Bodies Mutual Insurances Limited.
Section 3
Meaning of “mutual insurance” in the Principal Act.
Section 4
Amendment of section 4 of the Principal Act.
Section 5
Short title and citation.
Act Referred to Local Authorities (Mutual Assurance) Act, 1926 No. 34 of 1926 Number 21 of 1928.
LOCAL AUTHORITIES (MUTUAL ASSURANCE) ACT, 1928.
AN ACT TO GIVE RETROSPECTIVE PROTECTION TO IRISH PUBLIC BODIES MUTUAL INSURANCES LIMITED IN RESPECT OF CERTAIN MATTERS AND TO AMEND THE LOCAL AUTHORITIES (MUTUAL ASSURANCE) ACT, 1926 . [30th July, 1928.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:— The Principal Act.
1.—In this Act the expression “the Principal Act” means the Local Authorities (Mutual Assurance) Act, 1926 (No. 34 of 1926).
Protection of Irish Public Bodies Mutual Insurances Limited.
2.—(1) Irish Public Bodies Mutual Insurances Limited shall be deemed always to have been and shall (subject to the provisions of this section) continue to be a company to which the Principal Act applies and to be exempt from such of the provisions of the Assurance Companies Act, 1909 , as relate to deposits under that Act.
Meaning of “mutual insurance” in the Principal Act.
3.—The expression “mutual insurance” where it occurs in the Principal Act shall mean insurance by a company in which all the holders of policies issued by such company and no other persons are members of such company whether any liability does or does not exist between such members, each to and with the others, in respect of claims under such policies.
Amendment of section 4 of the Principal Act.
4.—
Section 4
of the Principal Act is hereby repealed and in lieu thereof it is hereby enacted that such of the provisions of the Assurance Companies Act, 1909 , as relate to deposits under that Act shall not apply to a company to which the Principal Act applies.
Short title and citation.
5.—(1) This Act may be cited as the Local Authorities (Mutual Assurance) Act, 1928.
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