Insurance (Amendment) Act 2018
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PART 5 Consequential Amendments | ||
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Amendment of National Treasury Management Agency (Amendment) Act 2000 | ||
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17. The National Treasury Management Agency (Amendment) Act 2000 is amended by inserting the following section after section 8A (inserted by section 10 of the Medical Practitioners (Amendment) Act 2017 ): | ||
“Additional function in relation to Insurance Compensation Fund under sections 3A, 3B and 3C of Insurance Act 1964 | ||
8B. (1) In this section ‘Act of 1964’ means the Insurance Act 1964 . | ||
(2) The Agency shall perform the following functions conferred on it in respect of the Insurance Compensation Fund: | ||
(a) the application by it under section 3B(1)(a) of the Act of 1964 to the High Court for approvals under section 3 of that Act; | ||
(b) the assessment and verification by it of information provided to it under section 3A(1A)(a) or 3B(1A)(a), as the case may be, of the Act of 1964; | ||
(c) the preparation by it of a report under section 3A(1A)(c) or 3B(1A)(c), as the case may be, of the Act of 1964; | ||
(d) the payment by it to a person under section 3B(2)(a) of the Act of 1964 of the sum due to such person; | ||
(e) the preparation by it of a report under section 3C(1A) of the Act of 1964; | ||
(f) the clerical and other administrative functions relating to the performance by the Agency of its functions under sections 3A, 3B and 3C of the Act of 1964. | ||
(3) The Agency shall be known as the State Claims Agency when performing the functions conferred on it by the Act of 1964.”. |