ACT
(Statutory Instruments 82/2000, 35/2001 and 98/2011)
Act 38 of 1999 .. in force 26 January 2000 (S.I. 3/2000)
Amended by Act 3 of 2003 .. in force 27 January 2003
Amended by Act 44 of 2006 .. in force 27 November 2006
ARRANGEMENT OF SECTIONS
PART 1
SHORT TITLE AND INTERPRETATION
| 1. | Short title |
| 2. | Interpretation |
PART 2
LICENCES
| 3. | Requirement for licence |
| 4. | Application for and grant of licence |
| 4A. | Registration of incorporated cell company and incorporated cell |
| 4B. | Transfer of registration on winding up or dissolution |
| 5. | Registered office and registered agent |
| 6. | Notification of change of particulars |
| 7. | Categories of licences |
| 8. | Fees |
| 9. | Refusal to grant licence |
| 10. | Surrender of licence |
| 10A. | Cancellation of registration on application |
| 11. | Limitations on activities |
| 12. | Capital |
PART 3
SHARES
| 13. | Prohibition on issue, transfer or disposal |
PART 4
ADMINISTRATION
| 14. | Use of words |
| 15. | Audited accounts for licensee |
| 16. | Prohibitions on licensee |
| 17. | Number of directors |
| 18. | Transfer of business |
| 19. | Powers and duties of Director |
| 20. | Secrecy |
| 21. | Powers of Minister |
| 21A. | Cancellation of registration |
| 22. | Order for winding-up |
PART 5
MISCELLANEOUS
| 23. | Offences and penalties |
| 24. | Appeals |
| 25. | Insurance |
| 26. | Immunity |
| 27. | Non-application of Insurance Act and Exchange Control Act |
| 28. | Regulations |
AN ACT to provide for the licensing and regulation of international insurance business and related matters.
Commencement [26 January 2000]