Regulatory Alerts2002-10-17
Added
Guidelines of Payment of Healthcare Consultants
The Registrar of Medical Aid Funds requires healthcare consultants to register with the Registrar, pay a N$500 application fee, and meet qualification standards including Grade 12 education and two years of experience. Funds are restricted to remunerating consultants for introducing new members at a rate of 3% of gross premiums, payable once upon the first premium payment, subject to NAMFISA approval. The directives prohibit consultants from receiving fund contributions, paying advance compensation, or contracting with administrators without prior written approval, while establishing inspection powers and cancellation procedures for non-compliance.
More like this from NAMFISA
We email you every new NAMFISA publication the day it's published.