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REGULATIONS MADE IN TERMS OFLongterm Insurance Act 5 of 1998 section 72Longterm Insurance Regulations, 1998 Government Notice 145 of 1998(GG 1888) came into force on date of publication: 18 June 1998as
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Who needs long-term insurance act regulations?
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Regulatory bodies responsible for overseeing the insurance industry
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What is long-term insurance act regulations?
Long-term insurance act regulations are legal guidelines established to govern the conduct, operation, and reporting obligations of long-term insurance companies to ensure consumer protection and financial stability.
Who is required to file long-term insurance act regulations?
All licensed long-term insurance providers operating within the jurisdiction are required to file long-term insurance act regulations.
How to fill out long-term insurance act regulations?
To fill out long-term insurance act regulations, businesses must follow the prescribed forms provided by the regulatory authority, include all required information, ensure accuracy, and submit them by the specified deadlines.
What is the purpose of long-term insurance act regulations?
The purpose of long-term insurance act regulations is to protect policyholders, maintain market stability, promote fair practices among insurers, and oversee the financial health of insurance companies.
What information must be reported on long-term insurance act regulations?
Information that must be reported includes financial statements, annual premium income, claims data, policyholder information, and compliance with solvency requirements.
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