← belizelaw.ai · Social Security, Cap. 44 · PART II — Insured Persons and Contributions

Section 9

Cap. 44, s. 9 · Revised Edition 2020

(1) Whereby regulations made under this Act contributions are payable by means of insurance stamps, such stamps shall be prepared and issued in such manner as the Board may direct and the Board may arrange with the Ministry responsible for the Post Office for the sale of insurance stamps through any post office. (2) Regulations may provide for applying, with the necessary adaptations as respects insurance stamps, any of the provisions, including penal provisions, of the Stamp Duties Act, or of any other enactment relating to stamps. CAP. 64. (3) Where regulations permit contributions to be paid at the option of the person liable to pay by a method other than by means of insurance stamps and that method involves greater expense in administration to the Fund than would be incurred if the contributions were paid by means of insurance stamps, such regulations may provide for the payment to the Fund by any person who adopts such method, and for the recovery on behalf of the Fund, of the prescribed fees in respect of the difference in the expenses in administration.
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