Statistics Act, 1999
R 385
Long Term Insurance Act, 1998 (Act No. 52 of 1998)RegulationsRegulations under the Long-term Insurance Act, 1998Part 6 : Binder Agreements6.6 Reporting requirements |
| (1) | An insurer must, at least 30 days before entering into a binder agreement, notify the Authority in writing and in the format determined by the Authority of the proposed binder agreement. |
| (2) | An insurer must, at least 60 days before the expiry of the termination period referred to under regulation 6.3(1)(s), inform the Authority in writing and in the format required by the Authority— |
| (a) | of the date on which the binder agreement will terminate; |
| (b) | of the reasons for the termination of the binder agreement; |
| (c) | how the policies to which the binder agreement relates will be dealt with; |
| (d) | how any legislative requirements relating to the termination of the binder agreement or policies, if one or more policies to which the binder agreement relates will be terminated, will be complied with. |
[Regulation 6.6 substituted by regulation 7(aa) of Notice No. 1437 of 2017]
