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Insurance Act, 2017 (Act No. 18 of 2017)

Notices

Commencement of Insurance Act, 2017

Notice No. 639 of 2018

 

Notice No. 639

27 June 2018

GG 41735

 

National Treasury

In terms of section 73 of the Insurance Act, 2017 (Act No. 18 of 2017 - herein called "the Act "), I, Nhlanhla Musa Nene, Minister of Finance, determine that the Act takes effect on 1 July 2018, except the repeal, in terms of section 72(1) of the Act, of—

(a) sections 48, 52, 53, 56, 59 and 60 of the Long -term Insurance Act, 1998 (Act No. 52 of 1998), specified in item 4 of the third column of Schedule 1 to the Act In respect of the Long -term Insurance Act; and
(b) sections 46, 47, 51, 53 and 54 of the Short -term Insurance Act, 1998 (Act No. 53 of 1998), specified in item 4 of the 3rd column of Schedule 1 to the Act in respect of the Short -term Insurance Act.

 

 

Nhlanhla Musa Nene

Minister of Finance