(1)The provisions of sections sixty-two and sixty-four to sixty-seven of the Friendly Societies Act, ' 1896, relating to payments on the death of children shall extend to industrial assurance companies as if those provisions were herein re-enacted, and in terms made applicable to industrial assurance companies. Except that there shall be substituted for the words " of six pounds for children under five years of age and ten pounds for children under ten years of age " the following: " six " pounds for children under three years of age, ten " pounds for children up to six years of age and fifteen pounds for children up to ten years of age."
(2)A collecting society or an industrial assurance company shall not pay any sum on the death of a child under ten years of age except to the person who took out the policy on the life of the child, being the parent, grandparent, brother or sister of the child, or to the personal representative of that person, nor except upon production by the person claiming payment of a certificate of death issued by the registrar of deaths, or other person having the care of the register of deaths, containing the particulars mentioned in section sixty-four of the Friendly Societies Act, 1896 :
Provided that, where there is no personal representative of the person who took out the policy, the payment may be made to such one of the next of kin of that person as proves that he has defrayed, or undertakes to defray, the funeral expenses of the child.
(3)The provisions of this section shall extend to assurances by industrial assurance companies premiums in respect of which are payable at intervals of two months or more.
(4)Section sixty-three of the Friendly Societies Act, 1896, shall cease to apply to collecting societies.