Commonwealth Numbered Acts

LIFE INSURANCE ACT 1995 No. 4 of 1995 - SECT 17

17. (1) A person other than a company registered under this Act must not
intentionally:

   (a)  issue a life policy; or

   (b)  undertake liability under a life policy.

(2) Subsection (1) does not prohibit a person from:

   (a)  acting as agent of a company registered under this Act; or

   (b)  entering into, or undertaking liability under, a contract referred to
        in subsection (3) if the particular contract is not a contract of
        insurance.

(3) Paragraph (2)(b) applies to the following contracts:

   (a)  an investment account contract;

   (b)  an investment-linked contract.