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

Policyholder Protection Rules

Policyholder Protection Rules (Short-Term Insurance), 2017

Chapter 6 : Product Performance and Acceptable Service

Rule 15 : Periods of Grace
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15.1An insurer shall ensure that a policy contains a provision for a period of grace for the payment of premiums of not less than 15 days after the relevant due date: Provided that in the case of a monthly policy, such provision must apply with effect from the second month of the currency of the policy.

[Rule 15(15.1) substituted by rule 8(a) of Notice No. 996, GG 41928, dated 28 September 2018];