Section 20A: Reinsurance Fund
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
20A. Reinsurance Fund
(1) The Board shall set up a Reinsurance Fund which shall consist of—
(a) such sums as the Board may, with the approval of the Minister,
decide to be credited from the General Insurance Account and
the Fire Insurance Account; and
(b) the amount of any special duty leviable under section 50 (1).
(2) The Board may insure against its liabilities to pay compensation under
this Act or effect such insurance in such manner as may be necessary.
(3) All premiums in respect of any participation by the Board in reinsurance treaties and such claims as may be payable to the General Insurance
Account shall be met from the Reinsurance Fund.
[S. 20A inserted by Act 44 of 1989.]
PART V – GENERAL INSURANCE