accident and health policy

"accident and health policy"

means a contract in terms of which a person, in return for a premium, undertakes to provide policy benefits if a disability, health or death event, contemplated in the contract as a risk event occurs, and includes a reinsurance policy in respect of such a contract—

(a)	excluding any contract—

(i)	that provides for the conduct of the business of a medical scheme referred to in section 1(1) of the Medical Schemes Act; or

(ii)	of which the policyholder is a medical scheme registered under the Medical Schemes Act and which contract—

(aa)	relates to a particular member of the scheme or to the beneficiaries of such member; and

(bb)	is entered into by the medical scheme to fund in whole or in part its liability to the member or the beneficiaries of the member referred to in subparagraph (aa) in terms of its rules; but

(b)	specifically including, despite paragraph (a)(i), any category of contracts identified by the Minister by regulation under section 70(2A) as an accident and health policy;