s. 21G 21G Disability and death insurance under ESSPLAN S. 21G inserted by No. 82/1996 s. 11. (1) The Board must if it is reasonably possible enter S. 21G(1) amended by into a contract of insurance in respect of the total Nos 43/2008 amount of members' disability and death benefits s. 15, 38/2009 s. 14. cover in force under sections 21F, 21FA and 21JB on terms and conditions acceptable to the Board. (2) The Board must determine the proportion of the amount of the premiums paid under subsection (1) which is to be debited to a member's account. (3) At any time before the payment of a benefit to or in respect of a member under section 21H(1)(b), the Board may reduce that member's disability and death cover or impose terms and conditions on that cover having regard to— (a) any failure to obtain insurance under subsection (1) in respect of the whole of the member's disability and death benefits cover; and (b) any terms and conditions imposed by the relevant insurer in respect of insurance secured by the Board under subsection (1). 21H Amount and payment of disability or death benefits S. 21H inserted by No. 82/1996 (1) Subject to subsection (2) and section 21E, in the s. 11. case of the disability or death of a member the benefit is to be equal to— (a) the member's account balance at the time the benefit is paid; and (b) where the member died or became disabled S. 21H(1)(b) amended by while disability and death benefits cover for No. 43/2008 him or her under section 21F or 21FA was in s. 16(1). force, the amount of any insurance proceeds received by the Board under an insurance
S. 21G inserted by No. 82/1996 s. 11. 21G Disability and death insurance under ESSPLAN s. 21G S. 21G(1) amended by Nos 43/2008 s. 15, 38/2009 s. 14. (1) The Board must if it is reasonably possible enter into a contract of insurance in respect of the total amount of members' disability and death benefits cover in force under sections 21F, 21FA and 21JB on terms and conditions acceptable to the Board. (2) The Board must determine the proportion of the amount of the premiums paid under subsection (1) which is to be debited to a member's account. (3) At any time before the payment of a benefit to or in respect of a member under section 21H(1)(b), the Board may reduce that member's disability and death cover or impose terms and conditions on that cover having regard to— (a) any failure to obtain insurance under subsection (1) in respect of the whole of the member's disability and death benefits cover; and (b) any terms and conditions imposed by the relevant insurer in respect of insurance secured by the Board under subsection (1). S. 21H inserted by No. 82/1996 s. 11. 21H Amount and payment of disability or death benefits (1) Subject to subsection (2) and section 21E, in the case of the disability or death of a member the benefit is to be equal to— (a) the member's account balance at the time the benefit is paid; and S. 21H(1)(b) amended by No. 43/2008 s. 16(1). (b) where the member died or became disabled while disability and death benefits cover for him or her under section 21F or 21FA was in force, the amount of any insurance proceeds received by the Board under an insurance
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