CHAPTER 349
INSURANCE (VESTING OF INTERESTS AND REGULATION) ACT

[SUBSIDIARY LEGISLATION]

INDEX TO SUBSIDIARY LEGISLATION

    NOTICES

        The Insurance (Approved Securities) Notice

        Omitted Notices

NOTICES

THE INSURANCE (APPROVED SECURITIES) NOTICE

(Section 2(1))

G.Ns. 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, 1971 *.

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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 Act *;

    (f)    first legal mortgage of land in Tanzania held under a Right of Occupancy issued under the Land Act *:

    Provided that the investment shall not exceed fifty per centum of the total value of the land and of any building on it.

OMITTED NOTICES

(Section 10)

    The following Notices have been omitted: