Regulatory Alerts2017-03-28
Added · Updated
Medical Aid Funds Act 23 of 1995
The Namibian Parliament enacted this legislation to control and promote medical aid funds by establishing the Namibian Association of Medical Aid Funds and defining their operational framework. The Act mandates a Registrar to oversee fund registration, audit financial statements, and intervene when funds exhibit unsound financial conditions or irregular business practices. It further outlines governance structures, membership rules, reporting obligations, and procedures for fund amalgamation, judicial management, and dissolution.
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