Insurance Companies Amendment Act 1973

57 Short title, citation and commencement

(1) This Act may be cited as the Insurance Companies Amendment Act 1973.

(2) The Insurance Companies Acts 1958 to 1967 and this Act may be cited together as the Insurance Companies Acts 1958 to 1973.

(3) Section 11 above shall not take effect until the first regulations made for the purposes of that section come into operation.

(4) Sections 26 and 27 above and the repeal of sections 11 and 12 of the Act of 1958 shall not take effect until the expiration of the period of six months beginning with the date of the passing of this Act; and, in relation to any amalgamation or transfer in respect of which proceedings under the said section 11 have been begun before the expiration of that period, that Act and the Act of 1967 shall continue to have effect as if this Act had not been passed.

(5) The repeal of section 17(2) and (3) of the Act of 1958 and Schedules 3 and 4 to that Act shall not take effect until the date on which the first rules made by virtue of section 30(5) above come into operation ; and the provisions of this Act relating to winding up shall not affect any winding up commenced before that date.

(6) The repeal of section 25 of the Act of 1958 shall not take effect until the date on which the first regulations under section 41 above come into operation.

(7) Sections 33 to 35 above and the repeal of sections 82 and 83 of the Act of 1967 shall not take effect until the date on which the first regulations made for the purposes of sections 33 to 35 come into operation, and so long as the said sections 82 and 83 continue in force the Act of 1967 shall have effect in relation to them as if this Act had not been passed.

(8) Sections 44 to 46 above shall not take effect until the first regulations under subsection (5) of the said section 44 come into operation.