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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2000 RevEd
Conditions of registration
10.—(1)  The Authority may at any time add to, vary or revoke any existing conditions of registration of an insurer or impose any conditions thereto.
[22/73; 11/86]
(2)  Any insurer which fails to comply with any of the conditions imposed by the Authority under subsection (1) or section 8(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine not exceeding $1,000 for every day during which the offence continues after conviction.
[9
[22/73; 11/86; 30/99]
Informal Consolidation | Amended Act 41 of 2001
Conditions of registration
10.—(1)  The Authority may at any time add to, vary or revoke any existing conditions of registration of an insurer or impose any conditions thereto.
[22/73; 11/86]
(2)  Any insurer which fails to comply with any of the conditions imposed by the Authority under subsection (1) or section 8(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day during which the offence continues after conviction.
[9
[22/73; 11/86; 30/99]