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Final Credit Life Insurance Regulations Now Effective

Published

2017

Fri

11

Aug

 

By Gerrit Viviers, Moonstone Compliance

On 27 July 2017, we published an article in which we reminded all providers of credit life insurance, that the final credit life insurance regulations published under Government Gazette Notice No 103, in the Government Gazette No 40606 of 2017 (Regulations) will come into effect on 10 August 2017.

Credit providers need to ensure that its current practices relating to credit life insurance are aligned with the Regulations.

Please
click here to download the Regulations.

Moonstone recently employed a NCA Specialist to render NCA compliance services (including NCR registrations) to its clients. Should you have any queries, please contact Gerrit Viviers on 021 883 8000.

 
Source: Paul Kruger: Moonstone Compliance (Pty) Ltd
 
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Original Gross Rate:

The rate charged on an insurance policy without any deductions.
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