
FSCA fines funeral service R4.4m for unauthorised insurance operations
The two directors of Hernell Funerals have been debarred for 10 years and five years, respectively.
The two directors of Hernell Funerals have been debarred for 10 years and five years, respectively.
The decision clarifies the boundaries and regulations concerning reinsurance business conducted through cell captive structures.
The Authority instructs Hernell Funerals to cease operating as an unauthorised FSP and insurer.
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