Insurance Act, 2017 (Act No. 18 of 2017)Chapter 2 : Conducting Insurance Business and Insurance Group BusinessPart 1 : General principles for conducting insurance business or insurance group business4. Principles |
An insurer and a controlling company must, at all times—
| (a) | conduct its business with integrity; |
| (b) | conduct its business with due skill, care and diligence; |
| (c) | act in a prudent manner; |
| (d) | organise and control its affairs responsibly and effectively; and |
| (e) | deal with the Prudential Authority in an open and cooperative way. |