Increase in penalty for non-submission of insurance returns
The penalty is R8 215 a day, in terms of the Long-term Insurance Act or the Short-term Insurance Act.
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
Read moreThe penalty is R8 215 a day, in terms of the Long-term Insurance Act or the Short-term Insurance Act.
Independent intermediaries must adhere to the conditions if they want to rely on the exemptions from the regulations under the Short-term and Long-term Insurance Acts.
A Sanlam insurance law expert discusses the implications of the proposed Long-term Insurance Amendment Bill for insurance companies and the public.