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

SECTION OR SCHEDULE IN, OR REGULATION UNDER, THE ACT

ITEM

FEES

RAND

a

Section 3(4)

Document search by the Authority for purposes of inspection thereof, or furnishing of copies or for the search, per insurer, for documents in respect of a particular financial year, relating to the last ten preceding financial years, for the purposes of inspection thereof or furnishing of copies

42-00

b

Section 3(4)

Furnishing of a photostatic copy of a return contemplated in section 35, excluding those returns to be submitted in terms of the Companies Act, 1973

223-00

c

Section 3(4)

Furnishing of a return contemplated in section 35, in electronic format, for a particular financial year, excluding those returns to be submitted in terms of the Companies Act, 1973

170-00

d

Section 3(4)

Furnishing of a copy of, or extract from, any document per sheet thereof

3-00

e

Section 3(5)

Certification of a document

201-00

f

Section 4(1)

Application for extension of time

753-00

g

Section 4(7)(b)

Application for the determination that a policy or policies shall form part of a different class of policies

5 385-00

h

Section 5

A copy of the Annual Report of the Authority of Short-term Insurance. in Printed or electronic format

95-00

i

Section 8(1)(a)

Application for approval of the use of the words "insure", "assure", "underwrite" or any derivative thereof in the name or description of a business or an undertaking

201-00

j

Section 8(2)(d)

Application for approval to render services in relation to a short-term policy

604-00

k

Section 9(1)

excluding an application which is referred to in section 67(2)

18 317-00

l

Section 9(2)(b)

Registration as a short-term insurer, excluding the registration of an existing insurer referred to in section 67(3)

13 059-00

m

Section 11(l)(a)

Application for variation of conditions of registration, excluding those variations referred to in sections 12 and 13

8 257-00

n

Section 17(a)

Application for approval of a change in the financial year of a short-term insurer

880-00

o

Section 17(b)

Application for approval of a change of name, or a translation, shortened form or derivative thereof, of a short-term insurer

943-00

p

Any one of sections 19 and 57(5)

Application for any one approval of an auditor

1 791-00

q

Section 22(4))

Application for exemption from appointing an audit committee

1 389-00

r

Any one of section 23(a)(i), (ii), (iii), (iv), (VI, (vi), (vii) and (viii)

Application for approval

3 159-00

s

Section 23(a)(ix)

Application for approval to allow a subsidiary of a short-term insurer to acquire directly or indirectly shares in that short-term insurer

3 413-00

t

Section 24( 1 )

Application for approval to allot or issue any of the shares of a short-term insurer to, or register any of the shares of a short-term insurer in the name of, a person other than the intended beneficial shareholder, or to register transfer of any of the shares of a short-term insurer to a person other than the intended beneficial shareholder

1 389-00

u

Section 25

Application for approval to acquire or hold shares or any other interest in a short-term insurer

3 191-00

v

Any one of section 30(2) and paragraph 6(3) of schedule 3

Application for approval of an increase of a percentage specified by regulation

1 961-00

w

Section 31(b)

Application to hold documentary evidence of title to art asset outside the Republic

1 007-00

x

Any one of section 30(2) and paragraph 6(3) of Schedule 3

Application for approval

3 413-00

y

Section 33(l)(b)

Application for approval of a person to hold assets on behalf of a short-term insurer

5 968-00

z

Section 36(2)

Application for approval of an arrangement for the transfer of short-term insurance business

3 646-00

aa

Section 37

Application for approval of compromise, arrangement, 1 amalgamation or transfer of business

24 221-00

ab

Section 42(a)

Application for a declaration in connection with the voluntary winding-up of a short-term insurer

11 586-00

ac

Section 57(2) and (3)

Application for approval of any one of the Lloyd's representative and the deputy representative

880-00

ad

Paragraph 2(b)(i) of Schedule 1

Application for approval of the relevant criteria for a counterparty to an over-the-counter instrument

2 767-00

ae

Paragraph 2(b)(iii)of schedule 1

Application for approval of any other financial market in the Republic on which any other derivative instrument is traded

2 767-00

af

Item 20(c) of the Table to schedule 1

Application for approval of a body corporate which is not incorporated and registered in the Republic

2 767-00

ag

Paragraph 4 of schedule 2

Application for directive to use a percentage which is different to the prescribed percentage in calculating the amount of the provision for claims incurred but not yet reported

3 477-00

ah

Paragraph 5(3) of schedule 2

Application for approval of a calculation, which is different to the prescribed calculation, in determining the amount of the unearned premium provision

3 477-00

ai

Paragraph 6(b) of schedule 2

Application for approval to use an amount, which is lesser than the minimum amount, for a period not exceeding three years in calculating the amount of the contingency reserve

3 477-00

aj

Paragraph 7(2) of schedule 2

Application for approval for the valuation of any liability i.r.0. a creditor who has waived any right to have the obligation discharged until all obligations to other creditors have been discharged in full

2 767-00

ak

Any of regulations 2.1(a) and 2.2(a)

Application for approval of a smaller additional amount

2 533-00

al

Application for the special performance by the Authority of any other act, authorised by the Act, than an act contemplated in any other subparagraph above

A fee determined by the Authority in every individual case after consultation with the applicant, being a minimum of 500.00 and a maximum of 25,000.00