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

Regulations

Regulations under the Long-term Insurance Act, 1998

Part 8 : Authorisation of and Requirements for Collection of Premiums by Intermediaries (Section 47A)

8.3 Returns

 

(1) An independent intermediary who has been authorised under section 47A must in respect of every month in respect of which the authority is in force, furnish the insurer concerned with returns—
(a) in the form required by that insurer;
(b) containing information relating to at least the premiums received, the commission payable to that intermediary and the amounts paid to the insurer in respect of the policies concerned; and
(c) within a period of 15 days after the end of the month concerned.

 

[Part 8.3 substituted by regulation (9) of Notice No. 1015, GG 41942, dated 28 September 2018]