INSURANCE PROTECTION TAX ACT 2001 - As at 5 November 2015 - Act 40 of 2001

Table of Provisions

• Long Title

PART 1 - PRELIMINARY

• 1 Name of Act
• 2 Commencement
• 3 Definitions

PART 1A - ABOLITION OF TAX

• 3C Refunds of tax from Policyholders Protection Fund
PARTS 2, 3 - (Repealed) None

PART 3A - POLICYHOLDERS PROTECTION FUND

• 16 Definitions
• 16A Declaration of insolvent insurers
• 16B Policyholders Protection Fund
• 16C Tax to be paid into Policyholders Protection Fund
• 16D Application of Policyholders Protection Fund--claims under home building insurance contracts of insolvent insurers
• 16E Application of Policyholders Protection Fund--claims under third-party motor accident policies of insolvent insurers
• 16F Repayments to Policyholders Protection Fund
• 16G Repayments to Policyholders Protection Fund--money recovered from motor accident insolvent insurers and re-insurers
• 16H Policyholders Protection Fund to reimburse additional money advanced from Consolidated Fund
17-23,. (Repealed)
• 24 Regulations
PARTS 4, 5 - (Repealed) None
• SCHEDULE 1