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

Regulations

Regulations under the Long-term Insurance Act, 1998

Part 3 : Remuneration

Part 3C : Limitation on Remuneration for Binder Functions

3.19 Application of this Part 3C, and definitions
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(1)This Part 3C applies to remuneration provided by an insurer or any person on its behalf to a person for a rendering binder function.

 

(2)In this Part 3C unless the context indicates otherwise, any word or expression to which a meaning has been assigned in Part 6 has the meaning assigned to it in that Part, and—

 

"cell structure"
has the meaning assigned to it in section 1 of the Insurance Act.

[Regulation 3.19(2) substituted by regulation 5(q) of Notice No. 1015, GG 41942, dated 28 September 2018]