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

Policyholder Protection Rules (Long-term Insurance), 2017

Chapter 3 : Products

Rule 2A : Microinsurance and Funeral Policy Product Standards

2A.3 Use of terms and advertising
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2A.3.1 An insurer, other than a microinsurer, or any person acting on behalf of that insurer may not use the term "microinsurance" or any derivative thereof in respect of a policy or in any advertisement in respect of a policy.

 

[Rule 2A.3 inserted by rule 6(c) of Notice No. 997, GG 41928, dated 28 September 2018]