Skills Development Act, 1998 (Act No. 97 of 1998)
Constitution of the Insurance Sector Education and Training Authority (INSETA)
Scope and Coverage
Area of Jurisdiction
INSETA shall have jurisdiction over all skills development and all aspects thereof in the sector as constituted from time to time and as determined by the Minister of Labour.
Any undertaking having common interests or associations with the Sector may voluntarily participate in the activities of INSETA under such conditions as may be determined by INSETA.
Subject to the agreement of INSETA, persons or bodies of the Sector operating in the states neighbouring South Africa may also voluntarily participate in the activities of INSETA under such conditions as may be determined by INSETA.
National Economic Sector
The Insurance Sector as defined by the Minister as a discrete National Economic Sector as published in the Government Gazette notice No. R.316 of 31 March 2005.
The following sub-sectors are established and included in the Insurance Sector:
|•||Short Term Insurance|
|•||Long Term Insurance|
|•||Healthcare Benefits Administration|
|•||Insurance and Pension Funding|
|•||Activities auxiliary to Financial Intermediation|
|•||And any other sub-sectors defined by the Minister from time to time|
Employers liable to contribute levies in terms of the Skills Development Act.
The main functions within INSETA are as defined in section 10(1) of the Act and any Regulation or amendment thereto.
INSETA may delegate any of its powers and functions as necessary to a Committee or a Service Provider with conditions in accordance with its Constitution. The delegation of authority in terms of this Constitution does not relieve INSETA of overall responsibility and accountability for its duties in terms of the Act.
Type of Skills Development
INSETA will facilitate skills development in terms of the National Skills Development Strategy and the Insurance Sector Skills Plan.
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