Medical Schemes Act, 1998 (Act No. 131 of 1998)

Schedule 2 : Transitional Arrangements

5. Reinsurance contracts
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1)A reinsurance contract or any amendment. thereof, which –
a)was lawfully entered into prior to the commencement of the Medical Schemes Amendment Act, 2001;
b)was legally valid and enforceable at the date of commencement of the Medical Schemes Amendment Act, 2001,

is deemed to be valid until its date of expiry as provided for in the contract, or for a period of one year from date of commencement of the Medical Schemes Amendment Act, 2001, whichever is the sooner.