Section 2Part 0 —
Validation
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The charging and collection of fees in respect of a segregated portfolio, from 1st November, 2012 to 2nd July, 2013, in purported exercise of powers conferred by the Insurance Law, 2010 or regulations made thereunder, is validated and is to be taken to have been lawfully charged and collected.
The charging and collection of any fees other than fees in respect of a segregated portfolio, from 1st November, 2012 to 28th November, 2012, in purported exercise of powers conferred by the Insurance (Applications and Fees) Regulations, 2012, is validated and is to be taken to have been lawfully charged and collected.
This Law does not affect any order or determination made by a court prior to the commencement of this Law.
Defined Terms
segregated portfolio
Cross References
- Section of Insurance Law 2010
powers for charging fees in respect of segregated portfolio
- Section of Insurance Applications And Fees Regulations 2012
powers for charging fees other than segregated portfolio