2023-04-05

Chapter 7 – Medical Aid Funds Standards

The regulator issued Chapter 7 to establish binding operational and financial standards for registered medical aid funds. This directive mandates strict compliance regarding fund governance, risk management frameworks, and member benefit structures to ensure long-term solvency. Funds must align their internal policies with these updated requirements by the specified implementation date to maintain regulatory approval and avoid penalties.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date April 5, 2023

Last Updated October 22, 2024

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