Legislation & Regulation

The SAIA Board Committee: Legislation & Regulation deals with various important issues and includes SAIA Board members, as well as high-level co-opted members from the industry.

>> Click here to read the 2010 update

Last year I reported that the regulations under the Insurance Laws Amendment Act of 2008 had still not been finalised although they were being awaited. During the year under review a great deal of work has been done on those regulations by the Legislation and Regulations Committee of the Board, managed by Refilwe Moletsane, the Deputy CEO of SAIA. However, the regulations under the Insurance Laws Amendment Act, although having been thoroughly debated by the sub-Committee, have still not been generally released for comment. So this process still has a long way to go before completion. The same position also applies to the regulations on the medical schemes’ demarcation where delays have taken place in the consultative process between the FSB and the National Treasury.

Both of these areas are vitally important for our members, so we are anxious to further the negotiations so that the consequences can be understood by the industry and then dealt with. Karen Naidoo, our legal manager who joined us during the year, will now have the responsibility of dealing with these issues.

This area of the our activities will be an extremely busy one during this year but the SAIA Management and our ever-willing committee members will be able to handle the task.

Legislation & Regulation Strategy includes the elements below:

>> Click here to read more about the Insurance Laws Amendment Act
>> Click here to read more about the Consumer Credit Insurance Enquiry
>> Click here to read more about the Road Accident Fund Amendment Act
>> Click here to read more about the Financial Advisory and Intermediary Services Act
>> Click here to read more about other legislation
>> Click here to read more about Financial Condition Reporting
>> Click here to read more about Micro-Insurance

saia

[ Back ]

Contact

The South African Insurance Association
Association Incorporated under Section 21
Registration No.1998/25543/08

Postal address:
PO Box 30619
Braamfontein
2017

Physical address:
3rd Floor, JCC House
27 Owl Street
Milpark

Contact detail:
Tel: +27 11 726 5381
Fax: +27 11 726 5351
Email: info@saia.co.za

Directions to our office
>> SAIA on the google map
>> Click here to print a graphic map and directions

Legislation & Regulation

Contact

Latest news