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Short-Term Insurance Act, 1998 (Act No. 53 of 1998)

Part VIII : Provisions relating to Lloyd’s

58. Returns to Authority

 

(1) Lloyd’s or the Lloyd’s representative shall furnish the Authority with returns in respect of the short-term insurance business carried on by Lloyd’s underwriters in the Republic—
(a) in the medium and form;
(b) containing the information; and
(c) by the date or within the period,

prescribed by the Authority, and section 35(2) shall, with the necessary changes, apply thereto.

 

(2) The Lloyd’s representative shall maintain, and within 30 days after the commencement of this Act, furnish the Authority with a copy of, a list of the names and addresses of all Lloyd’s correspondents, and shall notify the Authority of any change in that list within 30 days of such change having occurred.

 

 


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