The meeting also considered the revision of the Simplified Lite Insurtance Law. It was resolved that /Artictes 16 and 22 of the said Law be revised, in accordance with the joint recommendation of the. Legislation fand Economic Committees, to read as follows:
Article 16—When the insured dies latter a policy of insurance is effected, the benetciary shall enjoy the bene-'Ate respectively according to the provisions in the following sections:
(G).. Where the insured dies within tone year of the date the insurance policy. was effected, the beneficiary hall sec ave the total amount of the premium paid Where' the insured dies after one year but within two years of the Gate the insurance policy was effec ed, the beneficiary shall receive onehhait of the amount of the insurance:
Where the insured dies after two or more years of the date the surance policy war effected, the beneficiary "shall, receive the whole of the amount of the insurance, Renewal of Policies Article 22—Where the insured dies after the insurance policy specified he preceding article is renewed, the beneficiary shall enjoy. the bene~ ts respectively according to the provisions in the following sections:
Where premium had been pald for more than two years atthe time the insurance policy lapsed.
The beneficiary shall receive the amount previously accumulated, and the premium paid after the la? Surance policy was renewed, in the event the injured dies within six ths, thereatter; 'The beneficiary shall receive mount accumulated before the contract of insurance was renewed, plus half' of the difference between, the amount insured and the said ser cumulated amount, that is the Amount Insured less "Accumiilated Amount the event the insured dies after six months from the date or renewal of the policy.
The beneficiary shall receive the whole of the amount insured In the event the insured dies after one year from the date of renewal ut the Where premium had been pald for less than two years at the time the insurance polley lapsed.
The beneficiary shall receive the amount accumulated before, and the premium paid after, the insurance policy was renewed, in the event the
Text read from the printed page and cleaned; old type leaves the occasional error.