Comparison View

Formal Consolidation |  2004 RevEd
Payment of policy claims without probate
7.  For the purposes of section 61 of the Act, $150,000 is prescribed as the amount of life policy and accident and health policy moneys which may be paid without the production of any probate or letters of administration or without having been included in a schedule or certificate under section 41(2) of the Estate Duty Act (Cap. 96).
Informal Consolidation | Amended S 237/2013
Amounts prescribed for purposes of section 61(2)(b), (3) and (4) of Act
7.—(1)  For the purposes of section 61(2)(b) and (3) of the Act, the amount prescribed is $150,000.
(2)  For the purposes of section 61(4) of the Act, the amount prescribed is $50,000.
[S 389/2009 wef 01/09/2009]