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Thursday, 22 May 1930

Senator McLACHLAN (South Australia) . - I move -

That the words " until the premiums due and unpaid together with the interest charged thereon are equal to the surrender value of the policy as calculated by the companyafter having deducted any unpaid loans with interest or other indebtedness on the policy " be left out with a view to insert in lieu thereof the words " unless the amount owing to the company for advances, premiums and interest exceeds the surrender value."

Honorable senators will remember the discussion we had on this clause in an endeavour to bring about equality of treatment. The amendment will give effect to the desire of the committee.

Amendment agreed to.

Clause, as further amended, agreed to.

Clause 73a-

Notwithstanding anything contained in this act where the sum insured under any policy does not exceed One hundred pounds the policy shall not be invalidated by any non-fraudulent omission or mis-statement made in the proposal upon which the policy was issued.

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