2004-08-10

Added

Circular-PI-MA-5 – Remuneration of Healthcare Consultants

The Registrar issues remuneration directives for healthcare consultants, capping fees for new members at the lesser of N$65.00 or 3.5% of the monthly gross premium, and for existing members at the lesser of N$35.00 or 1.75%. These amounts cover ongoing consulting services paid monthly upon premium receipt, with annualized or advanced payments strictly prohibited. The directives repeal inconsistent prior circulars, require express member consent for consultant appointments, and mandate that contracts explicitly define ongoing services. Non-compliance may result in the suspension of medical aid fund registration or deregistration of consultants, with the directives taking effect on October 1, 2004.

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Namibia Financial Institutions Supervisory Authority

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