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ASSOCIATIONS AND INSTITUTES

International Credit Insurance & Surety Association

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The International Credit Insurance & Surety Association (ICISA) brings together the world's leading companies that provide credit insurance and/or surety bonds.


Founded in 1928 as the first credit insurance association, the current members account for 95% of the world's credit insurance business. Surety companies became members of the association beginning in the 1950s.

 

Today, with over USD 2 trillion in trade receivables insured and billions of dollars worth of construction, services and infrastructure guaranteed, ICISA members play a central role in facilitating trade and economic development on all five continents and practically every country in the world.

From The Glossary »

Valuation-exempt Fund:

A retirement fund that is, in terms of Regulation 2 of the Pension Funds Act, not required to submit an actuarial valuation of its assets and liabilities to the Registrar.
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