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FSB: Orange Insurance Limited: Outstanding claims and guarantees

30 September 2010 FSB

The Financial Service Board - Registrar of Short-term Insurance, after a thorough and detailed assessment of all relevant and available information, directed Orange Insurance Limited, under section 4(4) of the Short-term Insurance Act, 1998, to settle all valid outstanding claims and liabilities arising from policies entered into by Fleetsure (Pty) Ltd or Fusion (Pty) Ltd on behalf of Orange Insurance Limited.

The Registrar invites all policyholders with outstanding claims and contingency guarantees arising from policies entered into by Fleetsure (Pty) Ltd or Fusion (Pty) Ltd on behalf of Orange Insurance Limited to submit details of claims and guarantees to the Registrar in writing by or on 31 October 2010, c/o Ms Jacky Huma via facsimile on 012 346 4631 or jackyh@fsb.co.za. The information will assist the Registrar to purposefully engage Orange Insurance Limited in ensuring compliance with the directives and the Short-term Insurance Act and the validation of such claims. Orange Insurance Limited has committed itself to settling all validated outstanding claims and guarantees as a matter of urgency.

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