Long Term Insurance Act, 1998 (Act No. 52 of 1998)Board NoticesNotice on Governance and Risk Management Framework for Insurers, 2014Part 6 : General30. Transitional provisions |
(a) | The Authority may where practicalities require the progressive application of a specific section of this Notice, exempt any insurer from that section for a specified period on specific conditions. |
(b) | An exemption in terms of paragraph (a) may apply to a specific insurer, insurers generally or be limited in application to particular kinds or types of insurers. |