NBFIRA cracks down on insurance vice
Friday, July 30, 2010
According to the Insurance Act, all insurance sales agents are required to possess the Certificate of Proficiency (CoP) as a minimum qualification while the NBFIRA Act prescribes penalties for brokers, insurance companies and other entities that violate the provision.
This week, it emerged that the broker reached a payment schedule for the P200, 000 fine, arguing that a once-off payment would dent its operations.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...