Section 69: Deposits under Part V
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
69. Deposits under Part V
Where a sum is deposited by a person under section 55, or as a condition
of approval by the President under section 58, no part of that sum shall, so
long as any liabilities, being such liabilities as are required to be covered by a
policy of insurance under this Part, which have been incurred by him, have
not been discharged or otherwise provided for, be applicable in the discharge
of any other liabilities incurred by him.
[S. 69 amended by Act 48 of 1991.]
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Questions this section answers
- Can money I deposited instead of insurance be used to pay off my other debts before accident claims are settled?