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Subscribe To » Newsletter  | RSS Feeds Directory OMBUD FAIS Ombud The objective of the FAIS Ombud is to consider and dispose of complaints by clients against financial services providers in the terms of the FAIS Act. More Details » Ombudsman for Long-Term Insurance The mission of the Ombudsman for Long-term Insurance is to mediate in disputes between the subscribing members of the industry and policyholders. More Details » From The Glossary » Liquidate: This refers to the selling of the assets of a company, close corporation or a partnership, the payment of the the liabilities and the pay over of the residue to the shareholder, member or partner. More Definitions »