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REGULATORY AUTHORITIES

Council for Medical Schemes

 The Council for Medical Schemes is a statutory body established by the Medical Schemes Act to provide regulatory supervision of private health financing through medical schemes.
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Financial Intelligence Centre - RSA

 The Financial Intelligence Centre (the Centre) was established in the Republic of South Africa under the FIC Act No. 38 of 2001, in February 2002. The Centre started receiving reports on suspicious and unusual transactions on 3 February 2003. The FIC Act also sets up a regulatory anti-money laundering ...
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Health Professions Council of South Africa (HPCSA)

 Founded for Public protection and Professional guidance   The Health Professions Council of South Africa (HPCSA or the Council) is a statutory body, established in terms of the Health Professions Act No. The Council, together with the twelve Professional Boards that operate under its jurisdiction, ...
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National Credit Regulator

 The National Credit Regular was established under the National Credit Act 34 of 2005 (the Act) and is responsible for regulation of the South African credit industry. It is tasked with education, research, policy development, registration of industry participants, investigation of complaints and ensuring ...
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From The Glossary »

Forfeiture:

The termination of a life insurance policy for non-payment of the due premium in cases where the surrender value of the policy has been fully applied against previous unpaid premium amounts.
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