Court ruling highlights discovery dispute in R16-million insurance claim
The High Court has dismissed challenges by a policyholder accused of defrauding Discovery Life of more than R16m in disability and income protection claims.
Misrepresentation
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FSCA to exempt non-life brokers from clawbacks when a policy is voided because of non-disclosure
The FSCA has proposed amending the Short-term Insurance Act regulations to exempt independent intermediaries from commission clawbacks when a policy is voided because of material misrepresentation or non-disclosure by the policyholder. Regulation 5.4 […]
Ubuntu, fairness and equity in financial services
The matter of social justice was one of the considerations in the high-profile business interruption cases that were considered over the last year. A prime example of how this can be approached is […]
Ubuntu, fairness and equity in financial services
The matter of social justice was one of the considerations in the high-profile business interruption cases that were considered over the last year. A prime example of how this can be approached is […]
Material misrepresentation leads to rejected claim
In a recent Short-term insurance case study, the Ombudsman for Short Term Insurance (OSTI) emphasised that short-term insurance contracts are entered into in good faith. “Under common law, a policyholder when requesting cover […]
Material misrepresentation leads to rejected claim
In a recent Short-term insurance case study, the Ombudsman for Short Term Insurance (OSTI) emphasised that short-term insurance contracts are entered into in good faith. “Under common law, a policyholder when requesting cover […]
Material misrepresentation and material non-disclosure at sales stage
In more than two thirds of the Ombudsman for Short-term Insurance’s (OSTI) finalised complaints in 2018, consumers were dissatisfied with the insurer’s decision on a claim. In its Annual Report the Ombud reported […]
