CLASS

SUB-CLASS

DESCRIPTION

1.

MOTOR

a.

Personal lines

Covers damage or loss resulting from the possession, use or ownership of motor vehicles and other vehicles operating on land, excluding railway rolling stock and warranty business

b.

Commercial lines

2.

PROPERTY

a.

Personal lines

Covers damage to or loss resulting from the possession, use or ownership of property (other than classes 1 above and 3 to 8 below

b.

Commercial lines

3.

AGRICULTURE

a.

Personal lines

Covers damage or loss to crop, forestry, agricultural equipment, other agricultural activities and livestock

b.

Commercial lines

4.

ENGINEERING

Covers damage to or loss resulting from the possession, use or ownership of machinery or equipment; the erection of buildings or other structure; the undertaking of other works; or the installation of machinery or equipment, and includes loss of revenue

5

MARINE

a.

Personal lines

Covers damage or loss resulting from the possession, use or ownership of vessels used on or in a river, canal, dam, lake or sea

b.

Commercial lines

6.

AVIATION

a.

Personal lines

Covers damage or loss resulting from the possession,  use or ownership of aircraft or spacecraft

b.

Commercial lines

7.

TRANSPORT

a.

Personal lines

Covers damage or loss resulting from the conveyance, storage, treatment and handling of goods in transit, irrespective of the form of transport

b.

Commercial lines

8.

RAIL

Covers damage or loss resulting from the possession, use or ownership of railway rolling stock or related infrastructure

9.

LEGAL EXPENSE

a.

Personal lines

Covers any legal expenses and costs of litigation

b.

Commercial lines

10.

LIABILITY

a.

Directors and offices

Covers liability to another person including liability provided for under the Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)

b.

Employer liability

c.

Product liability (including product guarantee and product recall)

d.

Professional idenmity

e.

Public liability

f.

Aviation

g.

Engineering (including environmental impairment liability)

h.

Marine

i.

Motor

j.

Rail

k.

Tranport

l.

Personal

m.

Other

11.

CONSUMER CREDIT

a.

Personal lines

Lump sum payable to satisfy all or part of a financial liability to a credit provider in the event of loss resulting from the possession, use, ownership or benefits of the goods or services supplied in terms of the credit agreement

b.

Commercial lines

12.

TRADE CREDIT

Covers loss resulting from the provision of export credit or agricultural credit or any other trade credit as a result of insolvency or any other event

13.

GUARANTEE

Covers loss resulting from—

* insolvency;

* the direct and indirect failure of a person to discharge an obligation;

* suretyship offered as part of normal business activities, other than a guarantee issued by a Bank registered under the Banks Act, 1990

14.

ACCIDENT  AND HEALTH

a.

Individual -

Personal lines

Covers costs or loss of income resulting from—

* a disability or death event caused by an accident; or

* a health event, other than costs or services regulated under the Medical Schemes Act, 1998, but includes any kind, type or category of contract identified by the Minister in regulations as an insurance policy that may be entered into under this class

b.

Individual -

Commercial lines

Covers costs or loss of income resulting from—

* a disability or death event caused by an accident; or

* a health event, other than costs or services regulated under the Medical Schemes Act, 1998, but includes any—

—kind, type or category of contract identified by the Minister in regulations as a policy that may be entered into under this class;

—an event covered under the Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)

c.

Group

Covers costs or loss of income of a beneficiary resulting from—

* a disability or death event caused by an accident; or

* a health event, other than costs or services regulated under the Medical Schemes Act, 1998, but includes any kind, type or category of contract identified by the Minister in regulations as a policy that may be entered into under this class

15.

TRAVEL

a.

Individual-

Personal lines

Covers damage or loss resulting from—

* cancellation, interruption, loss of property (including baggage), or other unforeseen events before, while and after travelling;

* a death, disability or health event while travelling in a country in which the insured person is not ordinarily resident

b.

Indivdual-

Commercial lines

c.

Group

16.

MISCELLANEOUS

a.

Personal lines

Covers damage to or loss resulting from a risk not addressed under any other class or sub-class referred to in this Table, which risk is approved by the Prudential Authority

b.

Commercial lines

17.

REINSURANCE

a.

Proportional in respect of a class or sub-class referred to above.

b.

Non-proportional in respect of a class or sub-class referred to above.