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OMBUD

FAIS Ombud

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Tel: +27 12 470 9080
Fax: +27 12 348 3447
Address:
Celtis House
Eastwood Office Park
Lynwood Road
Pretoria
Postbox:
P.O.Box 74571
Lynwood Ridge
0040
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
The objective of the FAIS Ombud is to consider and dispose of complaints by clients against financial services providers in the terms of the FAIS Act.

From The Glossary »

Claims Incurred But Not Reported:

Claims resulting from accidents or occurrences which have taken place, but of which the insurer has not received notice or report of the loss. An estimate is made of the amount of these claims based on previous experience. Also referred to as losses incurred but not reported (IBNR's).
More Definitions »

 
 
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