Regulatory Alerts2014-02-17
Added
Circular PI/MA/2/2014 on Compliance Conditions for Healthcare Administrators
Part 2 of Circular Letter 5/2002 and the second paragraph of Part 3 of that circular are revoked and withdrawn with effect from 17 February 2014. Medical Aid Funds with administration fees deemed unreasonable by the Registrar must justify those fees to the Registrar.
NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY
Enquiries: The Manager: Medical Aid Funds
17 February 2014
TO: Principal Officers of all registered Medical Aid Funds CEO of NAMAF
CIRCULAR: PI/MA/2/2014
Effective date: 17 February 2014
SUBJECT: CIRCULAR ON COMPLIANCE CONDITIONS: HEALTHCARE ADMINISTRATORS
This Circular is issued with reference to Part 2 of Circular Letter 5/2002, and the 2nd paragraph of Part 3 of Circular Letter 5/2002, dated 11 June 2002. The aforementioned parts of the Circular Letter provide for the supervision/regulation of healthcare administrators.
The Medical Aid Fund industry is herewith informed that Part 2 of Circular Letter 5/2002 and the 2nd paragraph of Part 3 of Circular Letter 5/2002 is hereby revoked and withdrawn with effect from the Effective date stated above.
Medical Aid Funds with administration fees which the Registrar deems to be unreasonable will be requested to justify such fees to the Registrar.
The Registrar therefore requires full cooperation and support in this process by all industry players and stakeholders at large. Should you have any query in this regard, please do not hesitate to contact the Manager of the Medical Aid Fund Department on telephone number 061 290 5167.
Tel: +264 61 290 5000, Fax: +264 61 290 5157, PO Box 21250, Windhoek, Namibia, 154 Independence Ave, Sanlam Centre, www.namfisa.com.na
Yours faithfully
[Signature]
Phillip N. Shiimi Registrar: Medical Aid Funds
19/02/14 Date
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