‘short-term insurance business’ means-

(a)     short-term insurance business as defined in the Short-term Insurance Act;

(b)     micro-insurance business as defined in section 1 of the Insurance Act; or

(c)     business conducted by a foreign reinsurer as contemplated in paragraph (c) of the definition of ‘short-term insurer’

[Definition of “short-term insurance business” substituted by section 52 of Act 25 of 2015 (substitution by section 52 of Act 25 of 2015 deleted by section 107 of Act 23 of 2018 effective on 8 January 2016) and substituted by section 50 of Act 23 of 2018 effective on 1 July 2018, applies to years of assessment ending on or after that date]