Long Term Insurance Act, 1998 (Act No. 52 of 1998)

Part VII : Business practice, policies and policyholder protection

Purchase

No consideration shall be —

(a)	offered or provided by a long-term insurer or a person on behalf of a long-term insurer to an independent intermediary or any other person; or

(b)	accepted by an independent intermediary or other person, for rendering services referred to in the regulations, other than commission or remuneration contemplated in the regulations and otherwise than in accordance with the regulations

[Section 49 substituted by section 11 of schedule 1 of Act No. 18 of 2017]