Sanlam wins appeal as High Court enforces policy’s contractual terms
The High Court overturns a Regional Court’s decision that allowed a policyholder to cancel her five-year endowment policy early.
The High Court overturns a Regional Court’s decision that allowed a policyholder to cancel her five-year endowment policy early.
The annual benefit escalations for policies that fall under the Demarcation Regulations.
The 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.