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Assurance Legislation in the South African Republic

Published online by Cambridge University Press:  18 August 2016

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Extract

So many British life offices now transact business in the Transvaal, or South African Republic, that both on this account and in order to make the list of Insurance Acts printed in the Journal complete, we have thought it desirable to give a transcript of the Law regulating Assurance Companies in the South African Republic. This Act came into force on 1 January 1893 (clause 18), and requires every company whose head office is outside this State

1. If doing life business, to deposit £10,000 sterling in cash, bearing interest at 3 per-cent, or approved securities, with the Treasurer-General (clauses 1, 2, and 3).

Type
Other
Information
Journal of the Institute of Actuaries , Volume 32 , Issue 1 , April 1895 , pp. 61 - 65
Copyright
Copyright © Institute and Faculty of Actuaries 1896

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References

page 61 note * Reprinted from Acton's Translation of the Government Gazette, South African Republic; 4 August 1892.

page 61 note † “The Cape of Good Hope Life Assurance Act, 1891”, and the Government Notice of 14 December 1891 relating thereto, were given in the Journal, xxx, 244 and 251 respectively.