Namibia: Namfisa Issues Unfair Practice Declaration Against Medical Aid Funds

The Namibia Financial Institutions Supervisory Authority (Namfisa) has issued a declaration of undesirable practice pertaining to contribution discounts, loadings and differentiated treatment of individual members and employer group members of medical aid funds.

The objective of the declaration is to address and eliminate the unjust and inequitable practice which prejudices some of the members of the Funds.

Namfisa noted that the granting of discounts and differential contribution rates to…

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