I hereby give My Sanction to the Imperial Ordinance concerning the partial amendment of the Imperial Ordinance pertaining to the Postal Annuities, and cause the same to be promulgated.
Signed: HIROHITO, Seal of the Emperor
This twelfth day of the ninth month of the twenty-first year of the Showa (September 12, 1946)
Countersigned: Prime Minister YOSHIDA Shigeru
Minister of Communications HITOTSUMATSU Sadayoshi
Imperial Ordinance No. 430
Part of the Imperial Ordinance pertaining to Post Office Annuities shall be amended as follows:
In Article 1, Items 1 and 2 shall be deleted, Item 3" shall read "Item 1", and the following items shall be shifted up two items accordingly.
Articles 2 and 3 shall be deleted, and "Article 4" shall read "Article 2" and the following Articles up to Article 7 shall be shifted up two items while Article 7 shall read "Article 6".
Article 7. Annuities mentioned in Article 6-2 of the Post Office Annuities Law shall, in accordance with the following classifications, be paid to the surviving family members prescribed by the following Items:
1. For an Immediate Life annuity with a Guaranteed Period and the Deferred Life annuity with a Guaranteed Period: In the case of the death of the annuitant or successive annuitant within the guaranteed period, the successive annuitant mentioned in the preceding two Articles.
In the case of the death of the annuitant or successive annuitant after the expiry of the guaranteed period, the spouse, child, father, mother, grandchild, grandfather, grandmother, brother or sister of the annuitant or successive annuitant, who belonged to the same House at the time of the death of such annuitant or successive annuitant, and the head of such House, but, with respect to the order of such persons Paragraphs 1 to 4 of the preceding Article shall apply correspondingly.
The spouse, child, father, mother, grandchild, grandfather, grandmother, brother or sister of the annuitant, who belonged to the same House at the time of the death of such annuitant, and the head of such House, but, with respect to the order of such persons, Paragraphs 1 to 4 of the preceding Article shall apply correspondingly.
In Paragraph 1 of Article 8, Items 1 and 2 shall be deleted, and "Item 3" read "Item 1" and the following items shall be shifted up two items.
In Paragraph 1, of Article 9, "Item 5" shall read "Item 3".
In Paragraph 2, of Article 10, "......, Article 5 and Article 6" shall read "and Article 4".
In Paragraph 1, of Article 13, Item 1, "For Immediate Life and Deferred Life annuities, the mortality table compiled by deducting, for the males, 20 per cent from the male mortality rates, and for the females, 30 per cent from the female mortality rates of Table No. 2 published by the Government Bureau of Statisties in the 45th year of Meiji (1912)" shall be deleted.
Article 14 shall be deleted.
In Paragraph 2 of Article 15, "or should the annuity contract be rescinded......"shall be added next to "Should the annuitant die......", "such death" shall read "such death or rescission", and in Paragraph 3 of said Article, "Articles 7 and 7-2" shall read "Articles 5 and 6". "Article 15" shall read "Article 14".
Paragraph 1 of Article 16, shall be amended as follows:
The refund-money mentioned in Article 14, Paragraph 1, of the Post Office Annuities Law shall be paid in accordance with the following classifications:
1. In the case of the death of the annuitant:
With respect to a Deferred Life annuity with a Guaranteed Period in respect of which annuity payment has not begun, the total amount of premiums already paid (premiums due included) until the date of such death with interest at 2 per cent compounded annually.
With respect to a Term annuity, the total amount of premiums already paid (premiums due included) until the date of such death provided that such amount be subject to deduction by the amount of annuities, if any, already paid (annuities due included).
2. In the case of rescission of annuity contracts:
With respect to an Immediate Life annuity with a Guaranteed Period, 80 per cent or upwards as prescribed by the Minister of Communications of the total amount of premiums already paid, provided that such amount be subject to deduction by the amount of annuities, if any, already paid (annuities due included).
With respect to a Deferred Life annuity with a Guaranteed Period, 90 per cent or upwards as prescribed by the Minister of Communications of the total amount of premiums already paid (premiums due included) until the date of such rescission with interest at 2 per cent commounded annually, provided that such amount be subject to deduction by the amount of annuities, if any, already paid.
With respect to a Term annuity. 90 per cent or upwards as prescribed by the Minister of Communications of the total amount of premiums already paid (premiums due included) until the date of such rescission, provided that such amount be subject to deduction by the amount of annuities, if any, already paid.
3. In the case of change of annuity contracts:
With respect to a Deferred Life annuity with a Guaranteed Period, 90 per cent or upwards prescribed by the Minister of Communications of the balance between the total amount of premiums already paid (premiums due included) until the date of such change with interest at 2 per cent compounded annually and the amount of premiums that should have been paid from the first in respect of such changed contract until the date of such change with interest at 2 per cent compounded annually.
With respect to a Term annuity, 90 per cent or upwards as prescribed by the Minister of Communications of the balance between the total amount of premiums already paid (premiums due included) until the date of such change and the amount of premiums that should have been paid from the first in respect of such changed contract until the date of such change.
"Article 16" shall read "Article 15".
Articles 17 and 18 shall be deleted and "Article 19" read "Article 16".
Supplementary Provisions:
This Imperial Ordinance shall come into force 25 from October 1, 1946.
Imperial Ordinance No. 435 of 1939 shall be brogated.
With respect to policies effected before the enforcement of this Ordinance, old Articles 1 to 3, 8 to 10, 13, 14 (excepting Paragraph 1, Item 3), 17 and 18 of the Imperial Ordinance pertaining to Post Office Annuities shall be effective irrespective of this amendment.
With respect to Immediate Life and Deferred Life annuity policies effected before the enforcement of the present Imperial Ordinance, the provisions relating to Term annuity of Articles 7 and 15 of the amended Imperial Ordinance pertaining to Post Office Annuities shall apply correspondingly.