Short-Term Insurance Act, 1998 (Act No. 53 of 1998)Policyholder Protection RulesPolicyholder Protection Rules (Short-Term Insurance), 2017Chapter 1 : Interpretation1. Application |
1.1 | These rules, except where the context indicates otherwise, do not apply to reinsurance policies. |
1.2 | These 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. |
1.3 | An 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. |