The South African Council for Valuers was established on 1 January 1983 by section 2 of the Valuers’ Act, 1982 (Act No. 23 of 1982). On 31 August 2001, the Council was replaced by the SA Council for the Property Valuers Profession established by section 2 of The Property Valuers Profession Act, 2000.
The Council’s main functions are the:
registration of Professional Valuers, Professional Associated Valuers and Candidate Valuers.; maintenance of their integrity; enhancement of their status; improvement of their academic and other qualifications and of the standard of services rendered by them; protection of members of the public in their dealings with registered persons; and drawing up and keeping up to date of a register of all registered persons
A provision in a life insurance policy that excludes the risk of death by suicide (sane or insane) from coverage during a specified period (usually two years) from the date of issue. In the event of suicide within this period, there is usually a refund of premiums paid.