Medical Schemes Act, 1998 (Act No. 131 of 1998)RegulationsRegulations in terms of the Medical Schemes ActChapter 6 : Administrators of medical schemes22. Maintenance of financially sound condition |
An administrator must at all times maintain his or her business in a financially sound condition by—
| a) | having assets which are at least sufficient to meet current liabilities; |
| b) | providing for liabilities; and |
| c) | generally conducting the business to ensure that the business is at all times in a position to meet its liabilities. |