To provide for a legal framework for the prudential regulation and supervision of insurance business in the Republic that is consistent with the Constitution of the Republic of South Africa, 1996, and promotes the maintenance of a fair, safe and stable insurance market; to introduce a legal framework for microinsurance to promote financial inclusion; to replace certain parts of the Long-term Insurance Act, 1998, and the Short-term Insurance Act, 1998; and to provide for matters connected therewith.
Last update: June 2018
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The Insurance Act, 2017 (Act No. 18 of 2017), has been updated by Notices, Commencement of Insurance Act, 2017 as per Notice No. 639 of GG41735 dated 27 June 2018.
The Insurance Act, 2017 (Act No. 18 of 2017), has been added to the site, as per GG 41388, Notice No. 32, dated 18 January 2018.
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