‘short-term policy’ means-

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

(b)     a policy issued by a micro-insurer as defined in section 1 of the Insurance Act; or

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

[Definition of ‘short-term policy’ substituted by section 76 of Act 31 of 2013 and 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]