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

Policyholder Protection Rules

Policyholder Protection Rules (Short-Term Insurance), 2017

Chapter 3 : Products

Rule 2A : Microinsurance Product Standards

2A.3 Use of the term "microinsurance"
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An insurer, other than a microinsurer, or any person acting on behalf of that insurer may not use the term "microinsurance" or any derivative thereof in respect of a policy or in any advertisement in respect of a policy.

 

[Rule 2A.3 inserted by rule 6(b) of Notice No. 996, GG 41928, dated 28 September 2018]