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The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study

Mini Dissertation (LLM)--University of Pretoria, 2020.

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Other Authors: Millard, Daleen
Format: Thesis
Language:English
Published: University of Pretoria 2021
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access_status_str Open Access
author2 Millard, Daleen
author_browse Millard, Daleen
author_facet Millard, Daleen
collection Thesis
dc_rights_str_mv © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (LLM)--University of Pretoria, 2020.
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institution University of Pretoria (South Africa)
language English
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license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2021
publishDateRange 2021
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publisher University of Pretoria
publisherStr University of Pretoria
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spelling oai:repository.up.ac.za:2263/78732 The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study Millard, Daleen candicestrijdom@gmail.com Strijdom, Glyniece Candice da Costa UCTD Insurance Law and Governance Mini Dissertation (LLM)--University of Pretoria, 2020. "Death is inevitable. A funeral, in one form or another, regardless of culture or religion, is inevitable. Obtaining insurance cover for a funeral is usually easy, generally affordable, and most importantly: based on an inevitability. It is therefore not surprising that funeral insurance is a considerable portion of Life Insurance business in South Africa. Countless South Africans ensure that, even if they have no other insurance policies in place, they have, at the very least, funeral cover for themselves or their loved ones. In terms of the Insurance Act 18 of 2017, there are a total of nine classes of Life Insurance Business, namely: Risk, Fund Risk, Credit Life, Funeral, Life Annuities, Individual Investment, Fund Investment, Income Drawdown and Reinsurance. Funeral cover can be underwritten under either the Risk class or the Funeral class of Life Insurance Business. The classes of Life Insurance Business have various prudential and market conduct standards that need to be adhered to. Although some of these standards are constant throughout the various classes, there are some standards that differ. The mini-dissertation explores these differences, as well as what effect these differences would have on the public. In essence, the author discusses the two classes in which funeral insurance can be underwritten, the various standards that are applicable to the two classes, as well as whether or not the choice of class would ultimately affect the policyholder, and if so, if said effect is to the policyholder’s detriment." Mercantile Law LLM Unrestricted 2021-02-17T12:40:39Z 2021-02-17T12:40:39Z 2021 2020 Mini Dissertation Strijdom, GCDC 2020, The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/78732> A2021 http://hdl.handle.net/2263/78732 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Insurance Law and Governance
The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title_full The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title_fullStr The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title_full_unstemmed The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title_short The duplication in the classification of funeral insurance and its effect on the policyholder: A comparative study
title_sort duplication in the classification of funeral insurance and its effect on the policyholder a comparative study
topic UCTD
Insurance Law and Governance
url http://hdl.handle.net/2263/78732