Insurance Latest Developments |
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Regulatory Response to comments received on the proposed Long-term and Short-term Insurance Binder Regulations |
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Notice No. 1078 in Government Gazette No. 34878 of 23 December 2011: Commencement date of certain sections of the Insurance Laws Amendment Act, 2008. |
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Regulation No. R 1077 in Government Gazette No. 34877 of 23 December 2011: Amendment of Regulations under section 72 of the Long-term Insurance Act (Binder Agreements) (Schedule A) and Explanatory Memorandum (Schedule B). |
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Regulation No. R 1076 in Government Gazette No. 34877 of 23 December 2011: Amendment of Regulations under section 70 of the Short-term Insurance Act (Binder Agreements) (Schedule A) and Explanatory Memorandum (Schedule B). |
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Information Request 3/2011 (LT&ST) - Request for information on consumer credit insurance |
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Long-term Tax Directive Cover Letter 2011 |
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Long-term Tax Directive 2011 |
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Board Notice 188 of 2011 - Internal Model Application Process: Pre-application assessment fees |
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Draft Directive 157.A.i (LT) - Guidance on guaranteed policy benefits for purposes of
regulation 28(8)(b)(iii) of the Regulations made under section 36 of the Pension Funds Act
No. 24 of 1956
Comments on the draft directive may be submitted in writing on or before 08 December 2011, to the
Registrar of Long-term Insurance per email to Jo-Ann Ferreira at
Martha.Ferreira@fsb.co.za. |
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Letter to
industry associations - Call for contributions: Intermediary services and related
remuneration in the insurance sector |
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Board Notice
169 of 2011 - Prescribed requirements for the calculation of the value of the assets,
liabilities and capital adequacy requirement of short-term insurers |
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Information
Letter 2/2011 (LT&ST) - Legislative and other developments affecting third party cell
captive arrangements |
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Information
Letter 6/2011 (LT&ST) - Restructuring of the Insurance Division of the Financial
Services Board |
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Draft Tax
Directive LT A.i - Calculation of the value of liabilities according to section 29A of the
Income Tax Act, 1962
Comments on the draft Tax Directive may be submitted in writing on or before 4 November 2011, to the
Chief Actuary per email to Tienie Hamman at
Tienie.Hamman@fsb.co.za |
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Information Request 5/2011 (LT&ST)
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Draft Directive
159.A.i (LT&ST) - Compliance with sections 9(3)(b)(i) read with sections 12(1)(c) of the
Long-term Insurance Act and Short-term Insurance Act, respectively: Outsourcing
Comments on the draft directive may be submitted in writing on or before 30 September 2011, to the
Registrar of Long-term/Short-term Insurance per email to Melonie van Zyl at Melonie.VanZyl@fsb.co.za. |
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Directive
156.A.i (ST) - Compliance with Section 45 of the Short-Term Insurance Act No. 53 of 1998,
read with Regulations 4.1 to 4.3 of the Regulations issued under section 70 of the Act |
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Response
of the Registrar of Short-term Insurance to comments received on draft Directive 156.A.i (ST) released for
comment by the Registrar on 24 March 2011 |
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Press Statement - Release of the microinsurance
policy document |
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Policy Document - The South African
Microinsurance Regulatory Framework |
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Microinsurance - Stakeholder Engagement |
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Draft Information
letter 1/2011 (ST) - Requirements of the Short-term Insurance Act No. 53 of 1998 in respect of
insurance offered by couriers and transporters / insurance related activities of couriers and
transporters.
Comments on the draft Information letter may be submitted in writing on or before 05 August 2011,
to the Registrar of Short-term Insurance per email to Mpho Mokoena
at mphomo@fsb.co.za
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Binder Agreements
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Draft Short-term Insurance Board Notice: Prescribed requirements for the calculation
of the value of the assets, liabilities and capital adequacy requirement of short-term insurers
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Directive 149.A.iii (ST)
- Placement of st insurance business with entities not registered in SA |
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Advertorial for
Unregistered Insurance Business |
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SAM IMAP Guide and PAQC Template |
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Board Notice 55 of 2011
- Returns to Registrar under the Short-term Insurance Act |
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Board Notice 54 of 2011 -
Returns to Registrar under the Long-term Insurance Act |
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Short-term
Insurance Act - Request For Comments: Draft Directive on compliance with section 45 of the Short-term Insurance
Act read with Regulations 4.1 to 4.3 of the Regulations. Comments must be submitted to
DD-Section45@fsb.co.za by 19 April 2011 |
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Board Notice 31 of 2011 – Prescribed Long-term Insurance |
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Board Notice 30 of 2011 – Prescribed Short-term Insurance fees |
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Directive 1 (RAF) – Application of the
Short-term Insurance Act No. 53 of 1998 to the Road Accident Fund and matters related to the implementation
of certain provisions of the Financial Supervision of the Road Accident Fund Act |
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Variation of Policyholder Protection
Rules - effective from 1 January 2011 |
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Unregistered Insurance
Business |
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Directive 154.A.iii (LT&ST) – Guidance on Securities
Lending Transactions |
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Consultation Paper:
Proposed Prudential Risk-based Supervisory Framework for Insurers |
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Appointment or change in statutory actuary |
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Relaxation of the Capital Adequacy Requirement
for a short-term insurer |
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Information request 3/2010 (LT) -
Request for information on disclosures made in respect of automatic premium loans, policy loans and
notifications of cessions received |
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Directive 154.A.ii (LT&ST) - Guidance on Securities
Lending Transactions |
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Advertorial for unregistered Insurance
Business |
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Insurance related matters: Documents for comments |
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Long-Term Insurance Act - Request For Comments: Draft Amendments to the regulations made under section 72
to be proposed to the Minister of Finance (Binder Agreements) |
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Short-Term Insurance Act - Request For Comments: Draft Amendments to the regulations made under section 70
to be proposed to the Minister of Finance (Binder Agreements) |
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Invitation to the Insurance Regulatory Seminar |
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Directive 149.A.ii (ST) - Placement of ST Insurance
Business with entities not registered in South Africa to conduct Insurance Business Directive 149.A.11. |
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Treating Customers Fairly
Discussion Paper |
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Board Notice 53 of 2010 - Board Notice on prescribed long-term and
Short-Term insurance fees |
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Notice on amendments of returns under Long-term and Short-Term Insurance Act |
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Directive 151.A.i (ST) -
Reporting requirements prior to termination of binder agreements and related unilateral cancellation
of short-term insurance policies |
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5 Year projections by Short Term Insurers |
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Board Notice 27 of 2010 – Prescribed requirements for the
calculation of the value of assets, liabilities and capital adequacy requirement of short-term
insurers |
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International Association of Insurance Supervisors (IAIS) - Consultation
Papers (05 March 2010) |
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Public Warning Advertorial
For Unregistered Insurances Business |
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Presentations: Insurance Industry Regulatory Workshop
21 January 2010 |
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Directive 127.B.i (LT) - Insurance
business carried on by an off-shore branch of a locally registered insurer |
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Directive 149.A.i (ST) - Placement
of Short-Term Insurance Business with Entities not registered in South Africa to Conduct Insurance
Business |
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Draft Directive 146: Application
of linked policies as defined in the Long-term Insurance Act, Act 52 of 1998 |
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Draft Directive – Securities
lending |
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Draft
Directive 146: Application of linked policies as defined in the Long-term Insurance Act, Act 52 of
1998 |
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Draft
Long-term Insurance Board Notice: Prescribed requirements for the calculation of the value
of the assets, liabilities and capital adequacy requirement of long-term insurers |
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Information Letter 2/2009 |
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Covering
letter to the draft Long-term Insurance Board Notice: Prescribed requirements for the
calculation of the value of the assets, liabilities and capital adequacy requirement of long-term
insurers |
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Draft Long-term
Insurance Board Notice: Prescribed requirements for the calculation of the value of the
assets, liabilities and capital adequacy requirement of long-term insurers |
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FSB Warns the
Public - Sowetan, 27 February 2009 |
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FSB Warns the
Public - Sowetan, 22 December 2008 |
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Amendment to Regulations 3
& 5 under the Long-term Insurance Act – 5 September 2008 |
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The Insurance Laws
Amendment Bill, 2008 for comment |
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Publications in Goverment Gazzette on 25 April 2008 |
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The Future of Micro-insurance Regulation in South Africa: Discussion Paper |
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Press Release: The Future of
Micro-insurance Regulation in South Africa |
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Draft long-term insurance regulations for comment - closing date
20 March 2008 |
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FSB
Warns the public to be Careful When Buying Funeral Policies |