The National Treasury recently published amendments to the Regulations made under section 72 of the Long-Term Insurance Act and section 70 of the Short-Term Insurance Act. On 26 October 2018 they further published a notice to clarify the commencement date of some of these amendments. The Amendments to the Regulations must now be interpreted to have taken effect on 28 September 2018.
To read the documents relating to these amendments, including Masthead’s submissions to the Regulator regarding the amendments, click here.