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Insurance Amendment Act 1983 No. 129 of 1983 - SECT 33
Persons ceasing to carry on insurance business
33. Section 106 of the Principal Act is amended-
(a) by omitting from sub-section (1) ''has'' and substituting ''had''; and
(b) by omitting sub-section (2) and substituting the following
sub-section:
''(2) A person who fails to comply with a notice served on him under
sub-section (1) is, in respect of each day during which he so fails to comply
with the notice (including the day of a conviction under this sub-section or
any subsequent day), guilty of an offence punishable on conviction by a fine
not exceeding $2,000.''.
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