Long Term Insurance Act, 1998 (Act No. 52 of 1998)Policyholder Protection Rules (Long-term Insurance), 2017Chapter 3 : ProductsRule 2A : Microinsurance and Funeral Policy Product Standards2A.2 Application |
| 2A.2.1 | This rule, except where stated otherwise, applies to any microinsurance policy and any funeral policy and applies concurrently with, and in addition to, all other rules set out in the Rules. |
| 2A.2.2 | Policies entered into before this rule takes effect that meet the description of the funeral class of life insurance business as set out in Table 1 of Schedule 2 of the Insurance Act, must comply with this rule by 1 July 2021. |
| 2A.2.3 | This rule, except where stated otherwise applies to microinsurers and insurers licensed for the funeral class of insurance business referred to in Table 1 of Schedule 2 to the Insurance Act. |
| 2A.2.4 | If there is an inconsistency between any provision of this rule and any other rule in the Rules, the provision of this rule prevails. |
[Rule 2A.2 inserted by rule 6(c) of Notice No. 997, GG 41928, dated 28 September 2018]