Short-Term Insurance Act, 1998 (Act No 53 of 1998)Board NoticesReturns by Short-term Insurers to AuthorityBoard Notice 80 of 2008 |
Board Notice 80 of 2008
Financial Services Board
I, Dube Phineas Tshidi, Authority of Short-term Insurance, hereby notify, in terms of section 35 of the Short-term Insurance Act, 1998, that every short-term insurer shall furnish the Authority,—
| (a) | within a period of four months after the expiration of each financial year with an audited return relating to its business; |
| (b) | within a period of one month after the expiration of each quarter of its financial year with a return relating to its business; and |
| (c) | within a period of six months of the expiration of each financial year, with a copy of its financial statements as defined in section 1(1) of the Companies Act, 1973 (Act No. 61 of 1973). |
This Board Notice is applicable to all registered short-term insurers with financial years ending on or after 1 January 2008 and relates to the financial year under review in its entirety.
The returns must be submitted on A4 paper and also electronically.
The returns referred to in paragraphs (a) and (b) above must contain the following information and be submitted in the following form:
| (1) | Annual Statutory Return (Refer Annexure A) |
| (2) | Quarterly Return (Refer Annexure B) |
Board Notice 60 of 25 May 2007, published in the Government Gazette No. 29894 is hereby repealed.
DP TSHIDI
Authority OF SHORT-TERM INSURANCE
* Annexure A and B of this document can be found in Government Gazette No. 31282 dated 5 September 2008.