| 8.1 |
These regulations are called the Regulations under the Short-term Insurance Act, 1998. |
| 8.2 |
The amendments to the Regulations, subject to subregulation 8.3, take effect on 1 January 2018. |
| 83. |
Despite regulation 8.2, the— |
| (a) |
insertion of subregulations (2) and (3) in regulation 5.8 in Part 5B takes effect— |
| (i) |
on the effective date for binder agreements entered into on or after the effective date; |
| (ii) |
for binder agreements entered into after 1 January 2017 but before the effective date, the earliest of— |
| (aa) |
6 months after the effective date; or |
| (bb) |
the date on which any amendment to binder fees payable under such binder agreement is made; |
| (iii) |
for binder agreements entered into before 1 January 2017, the earliest of— |
| (aa) |
12 months after the effective date; or |
| (bb) |
the date on which any amendment to binder fees payable under such binder agreement is made; |
| (b) |
insertion of subregulation (2) in regulation 6.2A in Part 6 takes effect 24 months after the effective date; and |
| (c) |
amendment to paragraph (p) in subregulation (1) in regulation 6.3 Part 6 takes effect 24 months after the effective date.' |
[Part 8 substituted by regulation 7 of Notice No. R. 1439 of 2017]
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