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Short-Term Insurance Act, 1998 (Act No. 53 of 1998)

Part VII : Business practice, policies and policyholder protection

Business practice

46. Receipt for premium paid in cash

 

(1) When a premium is paid in bank notes or coins, the recipient thereof shall give to the payer a written receipt for it.

 

(2) The receipt shall state the name, address and telephone number of the recipient, the policy number and the name of the short-term insurer on whose behalf the premium is received.