n Annual Survey of South African Law - Insurance law




The Financial Services Laws General Amendment Act 22 of 2008, published in 31471 of 30 September 2008, amends a wide range of financial services laws. Relevant for present purposes is its amendment of the Financial Services Board Act 97 of 1990 (ss 19-30 and 77(1)-(3) of the amending Act), the Financial Institutions (Protection of Funds) Act 28 of 2001 (ss 41-4 of the amending Act), and, consequentially, the Longterm Insurance Act 52 of 1998 ('LIA') and the Short-term Insurance Act 53 of 1998 ('SIA') (ss 31 and 32 of the amending Act,respectively).


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