Cap. 364 Art. 25ADuty on every policy of life insurance.

Notwithstanding the provisions of any other article in this

Act, including articles 4 and 6, there shall be charged on every policy of life insurance, wherever such policy is executed or used and in respect of which article 25 does not make specific provision, a duty of ten cents for every euro or part thereof of the agreed yearly premium:

Provided that -

(a) the minimum duty chargeable under this article shall be eleven euro and sixty-five cents (€11.65);

(b) where the premium payable is less than eleven euro and sixty-five cents (€11.65), the minimum duty chargeable shall be reduced to ten per centum of the amount of premium so payable:

Provided that the provisos to article 25 shall apply mutatis mutandis to this article. 26. Repealed by: I.1998.3.