Short-term Insurance Act

In October 2024 the Constitutional Court, although dealing with a medical schemes claim, pertinently confirmed that where an insurer avoids a policy on the grounds of misrepresentation or non-disclosure whether under the common law or the Short-term Insurance Act, the insurer has to prove that the non-disclosure of a material information induced it to enter

New draft premium collection legislation

The National Treasury has published draft regulations for comment by 23 April 2018 regarding the collection of premiums by intermediaries (short-term and long-term premiums). The draft regulations require detailed premium collection authorisations by insurers to intermediaries. The proposed regulations also require a separate bank account for premiums received and require