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Insurance Act, 2017 (Act No. 18 of 2017)

Chapter 2 : Conducting Insurance Business and Insurance Group Business

Part 1 : General principles for conducting insurance business or insurance group business

4. Principles

 

An insurer and a controlling company must, at all times—

(a) conduct its business with integrity;
(b) conduct its business with due skill, care and diligence;
(c) act in a prudent manner;
(d) organise and control its affairs responsibly and effectively; and
(e) deal with the Prudential Authority in an open and cooperative way.