Tag archives: Policyholder Protection Rules

What is personal lines business?

By Patrick Bracher (ZA) on February 28, 2018 Posted in Insurance

Despite objections at the comments stage, the Registrar of Short-term Insurance has defined a ‘policy’ for the purposes of the Policyholder Protection Rules as a short-term policy where the policyholder is a natural person or a juristic person with an asset value or annual turnover less than the R2 million threshold. That has ridiculous consequences. It … Continue reading

Strict compliance with policy cancellation provisions is necessary

By Patrick Bracher (ZA) on February 19, 2018 Posted in Insurance

Two 2017 US cases illustrate the importance of a notice cancelling a policy complying strictly with the requirements of the policy and the law. In Las Vegas Inc v Oregon Mutual Insurance Co, the notice of cancellation became effective on a stated future date if the policyholder did not pay the premium by a required … Continue reading