Central Provident Fund Act 1953 s 48A

s 48A Insurance policy under Scheme not to create trust

48A.—(1) A policy of insurance issued under the Scheme is not to be deemed to create any legal or equitable trust. (2) Section 73 of the Conveyancing and Law of Property Act 1886 and section 132 of the Insurance Act 1966 do not apply to any policy of insurance issued under the Scheme.

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