The FSCA has just released the FSRA Exemption Notice 1 of 2019 (LTIA). According to the notice an insurer that offers assistance policies, funeral policies or micro-insurance policies is exempted, in terms of section 281(1) of the Financial Sector Regulation Act, from the requirements of Rule 19 of the Policyholder Protection Rules and Regulation 3.9A of the Regulations insofar as it relates to such assistance policies, funeral policies or micro-insurance policies.
Click here to download the FSRA Notice.
