Application of sections 95 and 96

Nothing in sections 95 and 96 shall affect any payment by way of dividend, bonus, profit or savings that is provided for by the policy, or be construed so as to prevent an insurer compensating, a bona fide salaried employee of its head or branch office or a spouse, or child thereof, in respect of insurance issued by the employing insurer upon the life or property of such person or so as to require that such person shall be licensed as an agent under this Part to effect such insurance.