When is it too late to submit a complaint to the Osti?
Ombudsman can only condone non-compliance with a policy’s time-barring provisions if the insured shows good cause.
Prescription Act
Supreme Court of Appeal rules on impact of curatorship on prescription
Shoprite Checkers contends the curator had a year within which to file the claim from the date on which he was appointed.
Ombudsman sets out what consumers should know about prescription
The Ombudsman for Banking Services (OBS) has issued a communication that alerts consumers to their rights when it comes to debt that has prescribed. According to ombudsman Reana Steyn, most consumers are ignorant […]
Prescription Act sees off R2 million claim against Sanlam Private Wealth
The provisions of the Prescription Act have resulted in the dismissal of a R2 million claim against Sanlam Private Wealth (SPW). This was despite the High Court finding that even if the money […]
