Short-Term Insurance Act, 1998 (Act No. 53 of 1998)

Prescribed requirements for the calculation of the value of the assets, liabilities and capital adequacy requirement of short-term insurers

6. Process for the relaxation of a provision
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6.1The Authority may relax a provision in these Requirements, for such duration and on such conditions as the Authority may determine.

 

6.2An insurer must apply for such relaxation in writing, in the form and with the supporting information, documents and explanation the Authority may require.