South Africa: Amendments To The Regulations Under The Insurance Acts, Replacement PPRs Published In South Africa

Publication of the amendments to the Regulations of the Long-term and Short-term Insurance Act and the replacement Policyholder Protection Rules

Yesterday, the Minister of Finance signed the amendments to the Regulations promulgated under the Long-term Insurance Act, 52 of 1998 and the Short-term Insurance Act, 53 of 1998 ("Regulations"). These can be accessed here and here, respectively.

Today, Caroline Da Silva, in the capacity as deputy registrar of Long-term and Short-term Insurance, published the replacement Policyholder Protection Rules made under the Long-term Insurance Act, 52 of 1998 and the Short-term Insurance Act, 53 of 1998 ("Replacement PPRs"). These can be accessed here and here, respectively.

The Replacement PPRs will take effect on 1 January 2018.

The Regulations, subject to certain transitional provisions, will take effect on 1 January 2018.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.