Short-Term Insurance Act, 1998 (Act No. 53 of 1998)Part VII : Business practice, policies and policyholder protectionBusiness practice48. Limitation of remuneration |
No consideration shall be —
| (a) | offered or provided by a short-term insurer or a person on behalf of a short-term insurer to an independent intermediary or any other person, or |
| (b) | accepted by an independent intermediary or other person, |
for rendering services referred to in the regulations, other than commission or remuneration contemplated in the regulations and otherwise than in accordance with the regulations,
[Section 48 substituted by item 12 of schedule 1 of Act No. 18 of 2017, GG 41388, dated 18 January 2018]