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Section 30: Advances to an insured

Sugar Insurance Fund Act · PART V: GENERAL INSURANCE

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.

30. Advances to an insured (1) Subject to subsections (2) and (3), the Board may make advances to an insured eligible to compensation under section 26 on such conditions as the Board may determine. (2) The advances made under subsection (1) shall in the aggregate not exceed 80 per cent of the loss suffered or likely to be suffered by the insured. (3) The Board may, for the purposes of subsection (1), and without prejudice to any assessment which is required to be made under this Act for the payment of compensation, assess the loss suffered by an insured in such manner as it thinks fit. [S. 30 amended by Act 36 of 1991; s. 10 of Act 7 of 2007.] 31. —

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