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South African Fraud Prevention Service

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Tel: 0860 101 248
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
SAFPS is a non profit membership association solely dedicated to the prevention of financial crime. It is funded by its members annual membership fees.

If you would like more information on SAFPS please contact us on the above numbers.
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From The Glossary »

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Insolvency Clause:

The clause that holds the reinsurer liable for his pro-rata share of any loss (or losses) assumed under the treaty, even though the direct company has become insolvent.
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