National Treasury Management Agency (Amendment) Act 2000

F3[Additional function in relation to Insurance Compensation Fund under sections 3A, 3B and 3C of Insurance Act 1964

8B

8B. (1) In this section "Act of 1964" means the Insurance Act 1964.

(2) The Agency shall perform the following functions conferred on it in respect of the Insurance Compensation Fund:

(a) the application by it under section 3B(1)(a) of the Act of 1964 to the High Court for approvals under section 3 of that Act;

(b) the assessment and verification by it of information provided to it under section 3A(1A)(a) or 3B(1A)(a), as the case may be, of the Act of 1964;

(c) the preparation by it of a report under section 3A(1A)(c) or 3B(1A)(c), as the case may be, of the Act of 1964;

(d) the payment by it to a person under section 3B(2)(a) of the Act of 1964 of the sum due to such person;

(e) the preparation by it of a report under section 3C(1A) of the Act of 1964;

(f) the clerical and other administrative functions relating to the performance by the Agency of its functions under sections 3A, 3B and 3C of the Act of 1964.

(3) The Agency shall be known as the State Claims Agency when performing the functions conferred on it by the Act of 1964. ]

Annotations

Amendments:

F3

Inserted (24.07.2018) by Insurance (Amendment) Act 2018 (21/2018), s. 17, commenced on enactment.