PinnAfrica Appointment

Ford Motor Company of Southern Africa recently appointed PinnAfrica as the administrator on the following portfolio's:

  • DentCare Cover
  • Interior and Exterior Care Cover
  • TyreCare Cover
  • TyreCare Plus Cover

PinnAfrica has partnered with Tire Smart to provide a specialised service experience to our mutual clients. Through this partnership we have launched the Tire Smart Warranty which will provide the following benefits:

  • Wheel Alignment
  • Tyre Rotation
  • Wheel Balancing
  • Puncture Repairs

BMW re-appointed PinnAfrica as the administrator on the following portfolio's:

  • Top Up Protector
  • Top Up Plus Protector
  • Tyre Cover
  • Debt Relief Protector
  • Help-U-Pay Protector

BMW also newly appointed PinnAfrica as the administrator on the following portfolio's:

  • Warranty Cover
  • Care and Cosmetic Plan

2015 Compliance Reports

The 2015 Compliance Reports were published on 17 April 2015. The Registrar has not changed the content of the 2014 compliance reports except for the reference to the reporting period in the respective reports. The compliance reports are published as FAIS Notices 27, 28, 29, 30, 31, 32, 33 and 34. It will be published under the 2015 Compliance Reports on 18 May 2015 after the launch of the FSB's new website. Please click on the following link to access the reports:

https://www.fsb.co.za/Departments/fais/legislation/Pages/FAIS-Notices.aspx

Information Regarding IGF

Intermediaries Guarantee Facility is a facility set up by the short-term insurance industry generally for the purposes of providing security in terms of Section 45 of the Short Term Insurance Act read together with regulation 4 thereto.

A short-term insurer may not authorise a person in writing to act as an independent intermediary, to receive, hold or in any other manner deal with premiums payable to it under short term policies unless that person has provided security in terms of the Regulations Part 4 and Section 45 of the Short Term Insurance Act 1998.

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Binder Agreement

Short-term insurance Act (53/1998): Publication of proposed amendment of Regulations made under section 70 for public comments

Long-term Insurance Act (52/1998): Publication of proposed amendment of Regulations made under section 72 for public comments

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