Long Term Insurance Act, 1998 (Act No. 52 of 1998)

In this Schedule any word or expression to which a meaning has been assigned in the Long-term Insurance Act, 1998 (Act No. 52 of 1998) or Short-term Insurance Act, 1998 (Act No. 53 of 1998), as the case may be, has the same meaning, and, unless the context indicates otherwise—

"Board Notice 158 of 2014"

means Board Notice 158 of 2014 as published in Government Gazette No. 38357 of 19 December 2014 that prescribes the Governance and Risk Management Framework for Insurers;

"insurer"

means a long-term insurer or a short-term insurer, as the case may be;

"regulatory authority"

has the meaning set out in section 1 of the Financial Services Board Act;

"significant owner"

has the meaning set out in section 1 of Board Notice 158 of 2014; and

"the Act"

means the Long-term Insurance Act, 1998 or the Short-term Insurance Act, 1998 or both, as the case may be.