Acts Online
GT Shield
"health policy"

means a contract in terms of which a person, in return for a premium, undertakes to provide policy benefits upon a health event, and includes a reinsurance policy in respect of such a contract—

(a) excluding any contract—
(i) that provides for the conducting of the business of a medical scheme referred to in section 1(1) of the Medical Schemes Act; or
(ii) of which the policyholder is a medical scheme registered under the Medical Schemes Act, and which contract—
(aa) relates to a particular member of the scheme or to the beneficiaries of that member; and
(bb) is entered into by the medical scheme to fund in whole or in part its liability to the member or the beneficiaries of the member referred to in subparagraph (aa) in terms of its rules; but
(b) specifically including, notwithstanding paragraph (a)(i), any contracts identified by the Minister by regulation under section 72(2A) as a health policy;