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Short-term Insurance Act, 1998

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To provide for the registration of short-term insurers; for the control of certain activities of short-term insurers and intermediaries; and for matters connected therewith.

 

Last update: February 2014


Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996


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Latest Developments:

 

The Short-Term Insurance Act, 1998 (Act No. 53 of 1998) has been amended by Fit and Proper Requirements, 2015, Government Gazette 39095, Board Notice No. 158, dated 14 August 2015.

 

The Short-Term Insurance Act, 1998 (Act No. 53 of 1998) has been amended by Governance and Risk Management Framework For Insurers, 2014, Government Gazette 38357, Board Notice No. 158, dated 19 December 2014.

 

The Short-term Insurance Act, 1998 (Act No. 53 of 1998) has been amended by Financial Services Laws General Amendment Act, 2013. Government Gazette 37351 dated 18 February 2014.

 

The Short-term Insurance Act, 1998 (Act No. 53 of 1998) has had some corrections done.

 

The Short-term Insurance Act, 1998 (Act No. 53 of 1998) has been amended by Government Gazette 34767

 

The Act has been updated with Notice No. 1213 in Government Gazette No. 33881 dated 17 December 2010.

 

The Act has been updated by Board Notices 27 of 2010 and 28 of 2010, both printed in Government Gazette No. 32993 dated 1 March 2010, an amendment as well as Board Notice No. 54 – Prescribed Fees, in Government Gazette No. 33113 dated 16 April 2010.

 

The Act has been updated with Board Notice No. 80 of 2008, and an Amendment thereto, published in Government Gazette No. 32078 dated 7 April 2009;

 

The Act has been amended by the Insurance Laws Amendment Act, 2008 (Act No. 27 of 2008), as published in Government Gazette No. 31578 dated 5 November 2008.

 

The Act has been amended by the Financial Services Laws General Amendment Act, 2008 (Act No. 22 of 2008).

 

This Act has been updated by:-

Board Notice No. 76 of 2006 printed in Government Gazette No. 28946 dated 30 June 2006, and

Board Notice No. 94 of 2007 printed in Government Gazettes No. 30316 dated 28 September 2007.

 

The Act has been amended by the Insurance Amendment Act, 2003 (Act No. 17 of 2003) as published in Government Gazette No. 25230 dated 23 July 2003.

The following has been added:

Policyholder Protection Rules, 2004; Gazette No. 26853, Notice No. R. 1128, 30 October 2004;

Prescribed Fees, 2005; Gazette No. 28147, Notice No. 104 of 2005, 21 October 2005;

Prescribed Fees, 2004; Gazette No. 26693, Notice No. 91 of 2004, 27 August 2004;

Prescribed Fees, 2003; Gazette No. 25106, Notice No. 52 of 2003, 27 June 2003

 

Proposed Policyholder Protection Rules have been added to the Act as published in Gazette 20277 dated 9 July 1999.

 

The Short-term Insurance Act, 1998 has been published in Government Gazette 19277 Notice No. 1191, dated 23 September 1998, and has commenced as from 1 January 1999. The Regulations have been added as published in Government Gazette 19495 Notice No. 1493, dated 27 November 1998.