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 5 : Remuneration (Section 48)

Part 5A : Limitation on Remuneration for Services as Intermediary

5.2 Time and payment of commission
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Commission shall not be paid or accepted before the date on which the premium in respect of which it is payable has been paid to the short-term insurer or Lloyd's broker.