Insurance Laws Amendment Bill
Ministry of Justice and Correctional Services, South Africa
A Bill to amend the Long-term Insurance Act, 1998 and the Short-term Insurance Act, 1998, so as to define certain terms; to state the objects of insurance regulation; to extend the powers of the Registrar; to extend the provisions relating to the licensing of insurers; to provide for explicit governance, risk management and internal control requirements of insurers; to provide for the supervision of insurance groups; to clarify certain market conduct matters; to make consequential amendments to other Acts, and to provide for matters connected therewith.
Process Flow
Insurance Laws Amendment Bill Current Version
January 2022
A Bill to amend the Long-term Insurance Act, 1998 and the Short-term Insurance Act, 1998, so as to define certain terms; to state the objects of insurance regulation; to extend the powers of the Registrar; to extend the provisions relating to the licensing of insurers; to provide for explicit governance, risk management and internal control requirements of insurers; to provide for the supervision of insurance groups; to clarify certain market conduct matters; to make consequential amendments to other Acts, and to provide for matters connected therewith.
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