Special Investigating Units and Special Tribunals Act, 1996
R 385
Medical Schemes Act, 1998 (Act No. 131 of 1998)RegulationsRegulations in terms of the Medical Schemes ActChapter 6 : Administrators of medical schemes19. Termination of administration agreements |
| 1) | If the administration agreement between a medical scheme and an administrator is terminated, such administrator must furnish a report to the Registrar not later than 60 days after such termination, confirming— |
| a) | that all documents of title relating to assets, the assets register, minute books, members’ records and other records and information pertaining to the medical scheme have been delivered to the trustees of the medical scheme or the new administrators, as the case may be; |
| b) | the date and address of such delivery; and |
| c) | the name of the trustee or person. at the new administrator’s business to whom the documents referred to in paragraph (a) have been delivered. |
| 2) | If an administrator is for any reason unable to comply fully or partially with this regulation, the report referred to in subregulation (1) must contain full particulars regarding documentation which has not been delivered, the reasons therefor as well as a plan with the dates on which compliance will take place, to enable the Registrar to approve of such further period as may be determined by him or her. |
| 3) | In the circumstances contemplated in subregulation (1), the trustees of the medical scheme concerned must take steps to ensure the integrity of ail documents, data and information transferred to the new administrator. |
