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

Regulations

Regulations under the Short-term Insurance Act, 1998 (Act No. 53 of 1998)

Part 8 : Title and Commencement

 

8.1 These regulations are called the Regulations under the Short-term Insurance Act, 1998.

 

8.2 The amendments to the Regulations, subject to subregulation 8.3, take effect on 1 January 2018.

 

83. Despite regulation 8.2, the—
(a) insertion of subregulations (2) and (3) in regulation 5.8 in Part 5B takes effect—
(i) on the effective date for binder agreements entered into on or after the effective date;
(ii) for binder agreements entered into after 1 January 2017 but before the effective date, the earliest of—
(aa) 6 months after the effective date; or
(bb) the date on which any amendment to binder fees payable under such binder agreement is made;
(iii) for binder agreements entered into before 1 January 2017, the earliest of—
(aa) 12 months after the effective date; or
(bb) the date on which any amendment to binder fees payable under such binder agreement is made;
(b) insertion of subregulation (2) in regulation 6.2A in Part 6 takes effect 24 months after the effective date; and
(c) amendment to paragraph (p) in subregulation (1) in regulation 6.3 Part 6 takes effect 24 months after the effective date.'

 

[Part 8 substituted by regulation 7 of Notice No. R. 1439 of 2017]