Short-Term Insurance Act, 1998 (Act No. 53 of 1998)Policyholder Protection RulesPart I : Definitions and Purpose2. Purpose of the Rules |
The purposes of disclosures referred to in this Part are to enable a policyholder to make informed decisions in regard to short-term insurance products, whether by way of comparison or by the weighing up of alternatives, and to ensure that the parties involved conduct business fairly and with appropriate care and diligence, in the bests interests of policyholders and the short-term industry.