Section 47. Payment of money into court

47. Payment of money into court. — (1) Where in respect of any policy of life insurance maturing for payment an insurer is of opinion that by reason of conflicting claims to or insufficiency of proof of title to the amount secured thereby or for any other adequate reason it is impossible otherwise for the insurer to obtain a satisfactory discharge for the payment of such amount,[3] [the insurer may],[4] [*] apply 1. Subs. by Act 62 of 1956, s. 2 and the First Schedule, for "the States" (w.e.f. 1-11-1956) 2. Ins. by Act 7 of 1944, s. 2 (w.e.f. 7-3-1944). 3. Subs. by Act 13 of 1941, s. 32, for "the insurer shall" (w.e.f. 8-4-1941).