Long Term Insurance Act, 1998 (Act No. 52 of 1998)

Rules

Purchase

1.1	These rules, except where the context indicates otherwise, do not apply to reinsurance policies.

1.2	These rules apply to all new and existing policies from the date on which a rule takes effect as set out in Chapter 8, except where otherwise indicated in a rule.

1.3	An insurer remains responsible for meeting the requirements set out in these rules, irrespective of—

(a)	reliance on a person to whom a function has been outsourced to facilitate compliance with a rule or a part thereof; or

(b)	reliance on a representative to facilitate compliance with a rule or a part thereof.