Regulatory Alerts2020-11-16
Added · Updated
FSCA Communication 54 of 2020 (INS) Extension for Submission of Insurer Information
The Financial Sector Conduct Authority (FSCA) has extended the submission deadline for licensed insurers regarding add-on insurance policies sold through motor dealerships or vehicle financing arrangements. Originally due by 30 November 2020, the new deadline of 31 January 2021 accommodates the multi-year data mining and per-policy input requirements for calendar years 2017 through 2019. This extension applies to all insurers subject to FSCA Information Request Notice 4 of 2020 (INS) and follows formal requests citing the complexity of compiling historical policy data.
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