Public Service Commission Act, 1997
R 385
Medical Schemes Act, 1998 (Act No. 131 of 1998)Schedule 2 : Transitional Arrangements5. Reinsurance contracts |
| 1) | A reinsurance contract or any amendment. thereof, which – |
| a) | was lawfully entered into prior to the commencement of the Medical Schemes Amendment Act, 2001; |
| b) | was legally valid and enforceable at the date of commencement of the Medical Schemes Amendment Act, 2001, |
is deemed to be valid until its date of expiry as provided for in the contract, or for a period of one year from date of commencement of the Medical Schemes Amendment Act, 2001, whichever is the sooner.
