Document ID: chunk:federal_register_of_legislation:C2025C00135:section:199
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 199
Character Range: 356541–357102

199  Capacity of young persons to insure etc.
 (1) A person who is at least 10 but has not reached 16 may, with the written consent of a parent or a person who stands in the place of a parent:
 (a) enter into a policy (including a life policy on his or her own life or on another life); or
 (b) take an assignment of a policy.
 (2) A person who has reached 16 but has not reached 18 has the same capacity to exercise rights or powers in relation to a policy of which he or she is the owner as a person who has reached 18.

Division 2—Assignments and mortgages