Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698071969375.pdf (Guyana)
Publi,c (lflBUfflnce).

[Cap.

71.

817 CHAPTER 71.

PUBLIC OFFICERS (INSURANCE).

RULES made by the Governor in Council under sootion 5 on the 31st March, 1914, and the 2nd Augus t, 1934.

1.These rules may be cited as the Public Officers (Insurance) Rules.

2.Officers may, subject to the approval Society of the Governor in in which or Association Council, they wish to be insured.

the Company, select 3.No policy wiH be accepted not Jes,s W'hole of life policy sslary.
to and accepted be required schedule hereto.

of insurance unless is taken out for an amount than the amount for which the officer could obtain a the policy other than whole of life policies for a premium equal to 4 per cent.
of his In the event of an endowment by the Governor to sign an agreement policy in Council being submitted the officer will in the form contained in the 4.Every policy must contain a provision of the person in whom it is vested, into a fully paid up policy at the request converted paid up to the time of such request, rule as to such conversion Association.
in respect that at any time, it mar be of the premiums in accordance with the or Society of the said Company, 5.No officer shall have the right to draw any bonus declared, or use it in reduction case be allowed together of premiums; such bonuses the policy to augment sum, at the maturity with the capital however, Provicfed, and become payable.

of the policy: allowed may be used by the officer on premiums for that any rebate shall in every residence in payment in a lower rated climate of his premiums.
6.An officer who has assigned of insurance Secretary to the Financial an to substitute may be allowed endowment policy 818 Cap.

'It.]
'It.]

during the currency of such policy and at any time he has ceased therefor before a whole of life policy after he reaches to be a public officer of this Colony either due to mature the age of 60 years provided that- or an endowment policy ( i)where the policy assigned is due to mature before the the age of 55 years the whole of life poli�y policy officer reaches or the new endowment sum which four chased in a " whole of life " policy, taken out on the same date and instead endowment and accruing 'Pf!"
cent.
of his salary together thereon; policy, would have pfr­ if such policy had -,en of the assigned with the bonus additions accrued shall be for not less than .e assigned (ii)where the policy is due to mature after the the in he reaches to be substituted shall, the age of 55 years and before officer reaches age of 60 years the new policy addition insurance commensurate insurance to the condition value when the officer reaches with the � ranteed policy value of the assigned in proviso (i), have a paid-up the age of 55 years or estimated paid-up at the same age.
7.Proposals made Secretary to the Financial suance of these rules.

under these rules shall be made in writing and be disposed of by him in pur­ r.3.

SCHEDULE.

AGREEIO:NT.

THE PUBLIC OFPIOERS (INSURANCE) ORDINAN0E.

(Eflllowmeftt Policy.)

In consideration of the Endowment No ...... ....................•......... .............................................................. day of.

...................................•.....•....•.

.for the sum of.
.for the sum of.

···--·····-······················ of Life Assurance .19 ...... -· ....•.••.

, taken out by Policy in ............•....•.... -.................... years and assigned by me to the Financial being accepted dated the·-··············· me in the .
............... payable Secretary, and in compliance Ordinance above-mentioned the moneys received upon my life for the benefit I hereby undertake policy by the Governor with the requirements by me under the said policy in Council of the Public that as soon as the moneys payable Officers (Insurance) under the I will apply the whole of as an insurance under become due and payable, in effecting of my wife and children, of a fully paid up policy by section a further or heir , either- of assuranoe qpon my 12 of the said Ordiillnoe; or insurance life, (i)By the purchase to be applied (ii)by the purchase as directed of a survivofflhip annuity may approve, payab)'f> mJ__wife and, in &411ition as the Governor of the above cases, four per centum upon the salary or children, in either equal to moneys receivable secure; in Council to re-insure or under the above-mentioned are payable, ""11 I am receiving policy at the time 1lbti my life for such sum as a premium (iii)in the event of my being desirollS of receiving the money payable under the said endowment policy, I undertake to re-insure for the sum [Cap.
71 819 term: policy, together of the said endowment with the bonus additions in a " Whole of would have purchased had been taken out on the same date and which four per cent.
of my salary Life Policy," if such policy instead during the endowment that if I fail to pass the necessary Provided in the case of either new insurance higher premium consequent upon my insurance tlJt money receivable i� on my behalf l'in ¥.cial Secretary, lll'itf to be recommended This undertakin officer of this Colony before the policy moneys under the first-mentioned policy for the (i), (ii) or (iii), or am unable to pay the in terms of (iii}, I agree that shall be Bank in the name of the , in some sec­ or, in the name of the Financial by me and approved g is to be void in the event of my having ceased under the above-mentioned become due and payable.
in the Post Office Savings by the Governor examination to be a public in Council.

endowment Secretary medical policy Witnesses-- ...............

Dated this ................... ................. day of ..................................................... .19 ...... .