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

Regulations

Regulations under the Long-term Insurance Act, 1998

Part 3 : Remuneration

Part 3C : Limitation on Remuneration for Binder Functions

3.19 Application of this Part 3C, and definitions

 

(1) This Part 3C applies to remuneration provided by an insurer or any person on its behalf to a person for a rendering binder function.

 

(2) In this Part 3C unless the context indicates otherwise, any word or expression to which a meaning has been assigned in Part 6 has the meaning assigned to it in that Part, and—

 

"cell structure"
has the meaning assigned to it in section 1 of the Insurance Act.

[Regulation 3.19(2) substituted by regulation 5(q) of Notice No. 1015, GG 41942, dated 28 September 2018]

 

 


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