Schedule 2: Transitionals and savings etc. Overview Paragraph 99: Pre-10th December 1974 contracts for a life annuity: disapplication of section 484(1)(d)
3594.This paragraph reflects the commencement provisions in the source legislation for the treatment of death as giving rise to a surrender of the rights under a contract for a life annuity. It is based on section 542(2) of ICTA.