Regulatory Alerts2008-04-06
Added
Appointment of Legal Practitioner by Legal Insurer
NAMFISA directs registered short-term insurance companies not to force an insured person to accept a specific legal practitioner if the insured has chosen another. This directive applies to legal insurers and addresses policy provisions that previously granted companies the final decision on appointing legal representatives. The authority will implement consumer education programs to inform insured persons of their right to choose their legal practitioner.