Parliament of South Africa - Long-Term Insurance Act, No. 52 of 1998, as Amended up to February 28, 2014


The Parliament of South Africa's Long-Term Insurance Act aims to ensure responsible and accountable insurers in the country and protect the integrity, transparency and reliability of the insurance industry. The act seeks to achieve these objectives by providing for the registration of insurers and the regulation of certain activities of these insurers and their intermediaries, as well as the conditions for issuing insurance. The act is divided into several chapters, and covers the following topics:

1. Administration of Act
2. Registration of Long-Term Insurers
3. Business and Administration of Long-Term Insurers
4. Financial Arrangements
5. Compromise, Arrangement, Amalgamation, Demutualization and Transfer
6. Business Rescue and Winding-Up of Long-Term Insurers
7. Business Practice, Policies and Policyholder Protection
8. Offenses and Penalties

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Friday, February 28, 2014
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Parliament of South Africa
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