(1)Subsections (2) and (3) apply where a child is adopted whose natural parent has effected an insurance with—
(a)a friendly society,
(b)a collecting society, or
(c)an industrial insurance company,
for the payment on the death of the child of money for funeral expenses.
(2)The rights and liabilities under the policy are by virtue of the adoption transferred to the adoptive parents.
(3)For the purposes of the enactments relating to such societies and companies, the adoptive parents are to be treated as the person who took out the policy.
(4)Where the adoption is effected by an order made by virtue of section 30(3), the references in subsections (2) and (3) to the adoptive parents are to be read as references to the adopter and the other member of the relevant couple.