Financial Institutions Second Amendment Act 119 of 1991

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119 of 1991

The Financial Institutions Second Amendment Act 119 of 1991 intends:

  • to amend the Insurance Act, 1943 [repealed in January 1999], so as to increase the amount which, in so far as it relates to life policies, is protected against creditors; and
  • to amend the Pension Funds Act, 1956, so as to provide
    • for the registration of pension funds to which the State contributes financially;
    • for the conferring of legal personality on such funds; 
    • for the continuation of the assets, rights, liabilities and obligations of such funds; and
    • for the application of the said Act and the rules of such funds to the State; and
  • to provide for matters connected therewith.

Commencement

  • 1 August 1992, except Section 14 (Gazette 14202 of 1 August 1992)
  • 23 August 1991, Section 14 (Gazette 13471 of 23 August 1991)

Amendments

Amended by Long-term Insurance Act 52 of 1998

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