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Most vehicle insurance policies contain exclusions, which entitle insurers to decline liability where an incident driver is driving whilst under the influence of alcohol, or where an incident driver’s blood alcohol level is over the legal limit, or where an incident driver fails a breathalyser test.
Local Collective Investment Schemes (CIS) attracted net inflows of R27 billion in the third quarter of this year. This brings to R68 billion the total net inflows for the 12 months to the end of September 2021.
The Financial Sector Conduct Authority (FSCA) has previously warned the public to act with caution when dealing with an entity called PrestMarine/ Marine and Air Freight Cargo Insurance. In the statement, the FSCA indicated that PrestMarine was not associated with PrestGroup (Pty) Ltd and was therefore conducting unregistered business. This was an error, and the FSCA wishes to correct this and clarify the position.
The magnitude of evolving insurance accounting changes should not be underestimated.
Are financial advisers ready for the combined impact of COFI and AI?