Consultation · NAMFISA · 14 Feb 2020

Notice of Intention to Publish Declaration of Undesirable Practice Regarding Contribution Rates

The Registrar of Medical Aid Funds intends to declare as undesirable practices the granting of discounts on contribution rates, loading of rates, calculating rates based on the oldest beneficiary's age, and determining any other contribution rate form resulting in direct or indirect discounts. This declaration applies to all registered medical aid funds and their members. Written representations regarding the proposed declaration must be submitted to the Registrar within 30 calendar days of the notice distribution. The declaration is effective from 1 January 2021.

NamibiaNamibia Financial Institutions Supervisory Authority

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Source: Namibia Financial Institutions Supervisory Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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