Long Term Insurance Act, 1998 (Act No. 52 of 1998)

Part I : Administration of Act

2. Exercise of powers and performance of duties by Authority
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[Section 2 heading substituted by section 290, item 3 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]

 

(1)The Authority, in fulfilling its responsibility for implementing this Act, must exercise its powers and perform its duties in terms of this Act subject to the Financial Sector Regulation Act.

 

(2)[Section 2(2) deleted by section 4 of schedule 1 of Act No. 18 of 2017]

 

(3)[Section 2(3) deleted by section 4 of schedule 1 of Act No. 18 of 2017]

 

[Section 2 substituted by section 290, item 3 in Schedule 4 of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]