The sub-clauses ofmiscellaneous insurance business in respect of each of which aseparate account of receipts and payments is to be kept as requiredunder sub-section (1) Sec. 10 of the Act on and after the 1stJanuary, 1943, shall be-.
(1) Capital Redemption insurance business.
(2) Continuous Disability insurance business.
(3) Employer's Liability insurance business.
(4) The business of insuring the payment on the happening of eachof the contingencies (a) birth, (b) marriage, and (c) failure ofissue, each contingency to constitute a separate business unless thecontingencies are combined in a single contract, but not beingbusiness comprising insurance contracts which are terminable by theinsurer at intervals not exceeding twelve months and under which if aclaim arises, the insurer's liability to pay benefit ceases withinone year from the date on which the claim arose.