COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC

Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).

Ombud finds fault with ‘negative-option’ selection at inception stage

The consultant should have provided the available options to the insured and left it to the insured to decide which category best suited his business.

Supreme Court upholds King Price’s appeal against motor vehicle claim

The SCA finds the policyholder failed to produce evidence to support his pleaded claim for damages based on the vehicle’s market value.