Medical Schemes Act, 1998
R 385
"premium"
means any direct consideration given or to be given, whether partially or fully subsidised, in return for an undertaking to meet insurance liabilities under a ‘contract of insurance’;
[Definition inserted by section 37(1)(b) of the Taxation Laws Amendment Act, 2026, Notice No. 7344, GG54448, dated 1 April 2026 - comes into operation on 1 April 2026 (section 37(2))]
