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Pretium Services Compliance Update – January 2012

Published

2012

Wed

01

Feb

The January 2012 Pretium Services Compliance Update has been published in the Insurance Gateway® Knowledge Base.

 

With a compliance flavour, these newsletters provide a succinct overview of happenings within the FAIS environment and being distilled as they are, are a must read for busy FSP executives who need to keep their finger on the compliance pulse.

 

Items in this edition include:


From Pretium
Welcome to 2012 and our new format Newsletter, which we hope will enhance its functionality for you. You can choose to read “on line”, which will have the added advantage of easy links to the various articles and websites...

From the FSB
IBinder regulations – these were gazetted late in 2012 and have an effective date of 1/1/2012. They make provision for existing binder agreements to...

From the FIC
The FIC have recently been sending out letters to all registered Accountable and Reporting Institutions.  These letters mention that should you...


From the Short term Ombud 
New jurisdictional limits for the Ombudsman:
The Board for the Ombudsman for Short-term Insurance has announced new jurisdictional limits for complaints from...

From the FIA
We see the FIA have released a new Code of Conduct. We plan on adding adherence this code to the monitoring process of... 

Interesting articles we have read
Directorship (First quarter 2012) –
The quarterly magazine of the Institute of Directors runs  a frequently asked questions...

AN ARTICLE BY DAVE LOXTON FROM WERKSMAN ATTORNEYS - UK Bribery Act poses potential risks for SA companies...

From the Camargue Weathervane Newsletter -
THE CONSUMER PROTECTION ACT - 8 MONTHS LATER

Click here then download Newsletter 76 to view this edition.

 
Source: PS Compliance Warehouse (Pty) Ltd t/as Pretium Services
 
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From The Glossary »

Beneficiary:

A person named in an insurance policy to receive all or part of the benefits provided by the policy upon the death of the insured. The beneficiary can, under certain circumstances, be the insured’s estate, a creditor, or a corporation.
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