Regulatory Alerts2003-05-21
Added
Cancellation of Insurance Brokers Certificates of Registration
The Registrar of Long-Term Insurance cancels the registration of seven specified insurance brokers with immediate effect due to their failure to maintain Professional Indemnity Insurance cover as required by section 56 (2) of the Long-term Insurance Act, 1998. The affected entities are Albatross Insurance Brokers, Gert Pearson Van Wyk brokers, Golden Life Financial Brokers Cc, Husselman Insurance Brokers, Martin Borman T/A Global Investments brokers, Oshakati Financial Services (Brokers), and Strataghem Financial Services brokers. NAMFISA advises all companies and individuals engaged in long-term insurance business with these brokers to immediately cease such activities and associations.
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