Special Investigating Units and Special Tribunals Act, 1996
R 385
Long Term Insurance Act, 1998 (Act No. 52 of 1998)RegulationsRegulations under the Long-term Insurance Act, 1998Part 5 : Requirements and Limitations regarding the Values and Benefits of Policies (Section 54)Part 5A : Policies other than Policies to which Part 5B applies5.9 Variable premium increase in respect of policies to which this Part applies |
Despite anything contained in this Part or the regulations, any variable premium increase on or after 1 January 2018 in respect of—
| (a) | a policy other than a universal whole of life policy to which this Part applies; |
| (b) | the investment component of a universal whole of life policy; |
is subject to Part 3B and Part 5B and must be regarded as constituting a separate policy for purposes of the application of those Parts.
[Regulation 5.9 substituted by regulation 6(n) of Notice No. 1437 of 2017]
