Long Term Insurance Act, 1998 (Act No. 52 of 1998)RulesPolicyholder Protection Rules (Long-term Insurance), 2017Chapter 1 : Interpretation1. Application |
| 1.1 | These rules, except where the context indicates otherwise, do not apply to reinsurance policies. |
| 1.2 | These rules apply to all new and existing policies from the date on which a rule takes effect as set out in Chapter 8, except where otherwise indicated in a rule. |
| 1.3 | An insurer remains responsible for meeting the requirements set out in these rules, irrespective of— |
| (a) | reliance on a person to whom a function has been outsourced to facilitate compliance with a rule or a part thereof; or |
| (b) | reliance on a representative to facilitate compliance with a rule or a part thereof. |