INDUSTRY REGULATIONS



Legislation governing the insurance industry includes:

Statutory Notice to Short-Term Insurance Policyholders

Safire Insurance Company Limited - English Policy
Safire Insurance Company Limited - Afrikaans Policy

Promotion of Access to Information Manual (PAIA - Section 51)

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Sasria

Coupon Policy for Special Risks Insurance

Sasria - English Policy
Sasria - Afrikaans Policy

Short-term Insurance Act (Act 53 of 1998)

Provides for the registration of short-term insurers
Controls certain activities of short-term insurers and intermediaries, and for matters connected therewith.

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Financial Services Board Act (Act 97 of 1990)

The Financial Services Board is a unique independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest. The FSB is committed to promoting and maintaining a sound financial investment environment in South Africa.

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Inspection of Financial Institutions Act (Act 80 of 1998)

To provide for the inspection of the affairs of financial institutions; the inspection of the affairs of unregistered entities conducting the business of financial institutions; and for matters connected therewith.

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FAIS (Financial Advisory and Intermediary Services) Act (Act 37 of 2002)

Regulates the rendering of certain financial advisory and intermediary services to clients;
repeals or amends certain laws, and provides for matters incidental thereto.

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Collective Investment Schemes Control Act (Act 45 of 2002)

Regulates and controls the establishment and administration of collective investment schemes;
amends or repeals certain laws; provides for incidental matters.

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Subordinate legislation on the CIS Act

Policyholder Protection Rules (Long-term Insurance),
2004 Government Gazette No. 26854, published 30 September 2004

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Policyholder Protection Rules (Short-term Insurance),

2004 Government Gazette No. 26853, published 30 September 2004

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The National Veld and Forest Fire Act No. 101 of 1998

An Easy Guide for Landowners 

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Conflict of Interest Policy

Safire Insurance Company Ltd - Conflict of Interest Policy

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MAKES NO SENSE?

Does all the terminology used by insurance companies confuse you? If it does, please take a look at our Insurance Terminology section to clear up some common misunderstandings about some words used by us.

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