Short-Term Insurance Act, 1998 (Act No. 53 of 1998)Policyholder Protection RulesPart III : Details of Disclosure7. Standardised disclosures |
Without prejudice to the provisions of Rules 4 and 5, an insurer, or any of its independent intermediaries with the concurrence of the insurer, may draft standardised disclosure documentation in respect of any particular class or type of policy, to be used for the purpose of complying with the provisions of this Part: Provided that—
| a) | such documentation is current on any relevant effective date; and |
| b) | such use does not exonerate any insurance party involved from compliance with any disclosure requirement of this Part not addressed, or not fully addressed, in such documentation. |