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

Notices

Commencement of Insurance Act, 2017

Notice No. 639 of 2018
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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