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Medical Schemes Act, 1998 (Act No. 131 of 1998)


Regulations in terms of the Medical Schemes Act

Chapter 6 : Administrators of medical schemes

22. Maintenance of financially sound condition


An administrator must at all times maintain his or her business in a financially sound condition by—

a) having assets which are at least sufficient to meet current liabilities;
b) providing for liabilities; and
c) generally conducting the business to ensure that the business is at all times in a position to meet its liabilities.