Question

General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?

A 31 December 2000 Correct Answer Incorrect Answer
B 25 January 2001 Correct Answer Incorrect Answer
C 18 February 2002 Correct Answer Incorrect Answer
D 21 March 2003 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003; GIC ceased to be a holding company of its subsidiaries.

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