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

Part IX : Transitional and general provisions

General provisions

75. Interpretation of certain references in existing laws

 

Unless it would in a particular case be clearly inappropriate, a reference in a law in force immediately before the commencement of this Act—

a) to a domestic insurer or a registered insurer, shall be construed as a reference to a long-term insurer or a short-term insurer, as the case may be;
b) to a home service policy, a funeral policy or an industrial policy, shall be construed as a reference to an assistance policy;
c) to home service business, funeral business or industrial business, shall be construed as a reference to the business of providing policy benefits under assistance policies;
d) to insurance business as defined in the repealed Act, shall, in relation to a long-term insurer, be construed as a reference to long-term insurance business;
e) to a life policy, shall be construed as a reference to a life policy, a disability policy, a fund policy or a health policy, as the case may be;
f) to life business, shall be construed as a reference to the business of providing policy benefits under long-term policies other than assistance policies or sinking fund policies;
g) to a personal accident policy, shall, in relation to a long-term insurer, be construed as a reference to a disability or health policy;
h) to personal accident business, shall, in relation to a long-term insurer, be construed as a reference to the business of providing policy benefits under disability or health policies;
i) to a valuator, as defined in the repealed Act, shall be construed as a reference to a statutory actuary.