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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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Financial Sector Conduct Authority (FSCA)

 Who we are The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures ...
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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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South African Reserve Bank - Prudential Authority

   The Twin Peaks model for financial sector regulation was proposed as a means to reform the regulatory and supervisory system in so far as it related to financial institutions. In June 2011, Cabinet approved the move towards the model which resulted in the drafting of the Financial ...
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From The Glossary »

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Automatic Reinsurance:

A reinsurance procedure whereby the reinsuring company binds itself unconditionally to accept reinsurance for specified amounts in proportion to the amount retained at its own risk by the direct writing company. This permits the direct writing company to issue a policy at once if the amount of insurance is within its own retention plus the automatic coverage.
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