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

Policyholder Protection Rules

Policyholder Protection Rules (Short-Term Insurance), 2017

Chapter 1 : Interpretation

1. Application

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1.1These rules, except where the context indicates otherwise, do not apply to reinsurance policies.

 

1.2These rules apply to all new and existing policies from the date on which a rule takes effect as set out in Chapter 8, except where otherwise indicated in a rule.

 

1.3An insurer remains responsible for meeting the requirements set out in these rules irrespective of—
(a)reliance on a person to whom a function has been outsourced to facilitate compliance with a rule or a part thereof; or
(b)reliance on a representative to facilitate compliance with a rule or a part thereof.