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

Regulations

Regulations under the Short-term Insurance Act, 1998 (Act No. 53 of 1998)

Part 3 : Limitation on Assets (Section 30)

3.2 General limitation on assets
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For the purposes of section 30(1), a short-term insurer shall have assets of the kinds specified in Schedule 1 having a market value which, when expressed as a percentage of the aggregate value of the liabilities of the short-term insurer plus additional assets, does not exceed the percentage specified in column 2 of the Table to this Part in relation to the particular kinds of categories of assets specified in column 1 of that Table.