Skip to document content Skip to main menu Skip to search

Insurance (Approved Securities) Notice, 1967

Government Notice 381 of 1967

Insurance (Approved Securities) Notice, 1967
Citation
Government Notice 381 of 1967
Primary work
Insurance (Vesting of Interests and Regulation) Act
Date
31 July 2002
Language
English
Type
Government Notice
Collections
Skip to document content
Tanzania
Insurance (Vesting of Interests and Regulation) Act

Insurance (Approved Securities) Notice, 1967

Government Notice 381 of 1967

  • Published in Tanzania Government Gazette
  • Commenced
  • [This is the version of this document at 31 July 2002.]
  • [Note: This legislation was revised and consolidated as at 31 July 2002 and 30 November 2019 by the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. All subsequent amendments have been researched and applied by Laws.Africa for TANZLII.]
[Section 2(1); G.N.s. Nos. 381 of 1967; 4 of 1971]

1.

This Notice may be cited as the Insurance (Approved Securities) Notice

2.

All the securities which are set out and described in the Schedule to this Notice are hereby approved securities in respect of any investment made before the first day of January, 19711.1G.N. No. 4 of 1971

Schedule

(a)Deposits in the Post Office Savings Bank;
(b)securities issued by the Community or any Corporation within the Community which are redeemable in and in respect of which the interest is payable in lawful currency of the United Republic;
(c)securities issued by the East African Development Bank or by the African Development Bank which are redeemable in and in respect of which the interest is payable in the lawful currency of the united Republic;
(d)fully paid-up shares or debentures in any public company incorporated in the United Republic:Provided that no more than one-tenth of the investors' total assets in the United Republic at any time shall remain invested in any single company and not more than one-third of the investors' total assets in the United Republic shall be invested in companies;
(e)fully paid-up shares or debentures of any body corporate established by or under any written law other than a company incorporated under the Companies Act2;2Cap. 212
(f)first legal mortgage of land in Tanzania held under a Right of Occupancy issued under the Land Act3:3Cap. 113Provided that the investment shall not exceed fifty per centum of the total value of the land and of any building on it.
▲ To the top

History of this document

31 July 2002 this version
Consolidation

Cited documents 2

Act 2
1. Land Act 1802 citations
2. Companies Act 1016 citations

Documents citing this one 1

Gazette 1
1. Tanzania Government Gazette dated 1967-12-22 number 55