Modern insurance law in South Africa

"Modern Insurance Law in South Africa explains the basic principles of insurance law in plain language. Insurance law is often perceived as complicated because the statutory framework consists of three Acts, namely the Long-term Insurance Act 52 of 1998, the Short-term Insurance Act 53 of 1998 and the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS). While the former statutes regulate insurers and insurance products, FAIS regulates intermediaries and advisers for financial products, of which insurance forms an important part. Often practitioners find it hard to understand which statute is applicable to a particular situation. An added complication is that many aspects regarding insurance are still regulated by common law. This publication contains a systematic explanation of the most important aspects of insurance law in the South African context. It is essential for students and practitioners alike and is an excellent source of information for intermediaries and representatives who have to prepare for their regulatory examinations"--Provided by publisher.