Short-Term Insurance Act, 1998 (Act No. 53 of 1998)Notice on Policyholder Protection Rules, 2004Part VI: Miscellaneous9. Penalties |
An insurance party involved who contravenes or fails to comply with a provision of these Rules shall be guilty of an offence and on conviction liable to a penalty or fine referred to in section 64(1)(c) or 65(1)(c), as the case may be, of the Act.