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Insurance (Amendment) Act 2016

PAPUA NEW GUINEA

Insurance (Amendment) Act 2016.

No. 17 of 2016.

Certified on: 13 DEC 2016

ARRANGEMENT OF SECTIONS.

1. Licensing of insurers and brokers and loss adjusters (Amendment of Section 19).
2. Regulations (Amendment of Section 75).
3. Continuance of former acts, etc.
   

No. 17 of 2016

An Act

entitled

Insurance (Amendment) Act 2016

Being an Act to amend the Insurance Act 1995 to remove fees and charges powers, and for related purposes,

MADE by the National Parliament to come into operation in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.

1. LICENSING OF INSURERS AND BROKERS AND LOSS ADJUSTERS (AMENDMENT OF SECTION 19).

Section 19 of the Principal Act is amended by repealing Subsection (9).

2. REGULATIONS (AMENDMENT OF SECTION 75).

Section 75 of the Principal Act is amended by repealing Paragraph (b).

3. CONTINUANCE OF FORMER ACTS, ETC.

All acts, matters or things done or suffered or deemed to have been done or suffered or taken, or procedural steps taken under or for the purposes of the Principal Act and having effect immediately before the coming into operation of this Act, shall, after that coming into operation, continue in full force and effect until those acts, matters, things or procedural steps are otherwise replaced.

I hereby certify that the above is a fair print of the Insurance (Amendment) Act 2016 which has been made by the National Parliament.

Acting Clerk of the National Parliament 13 DEC 2016

I hereby certify that the Insurance (Amendment) Act 2016 was made by the National Parliament on 11 August 2016.

Acting Clerk of the National Parliament 13 DEC 2016