Regulatory Alerts2021-11-11
Added · Updated
MAF.S.7.11 – Minimum Number of Members of a Medical Aid Fund
The Namibia Financial Institutions Supervisory Authority requires all registered medical aid funds to maintain a sufficient membership base that ensures financially sound operations. Funds must hold adequate assets to cover current and ongoing liabilities while meeting prescribed statutory reserve and solvency thresholds. The regulator may periodically demand valuator’s reports and financial statements to verify membership sufficiency and monitor each fund’s growth and stability.
Topics
Share