What is ceding/giving up an insurance policy? Ceding/giving up an insurance policy means that an insured person transfers his or her insurance right or benefit in a particular policy to another person as security for something they wish to get. For example: If Corrie, the insured person has a life policy at a company called Read more about Effects of ceding/giving up insurance/investment policies[…]
Cheezy’s show case: Part one What it means to know your rights and responsibilities Cheezy who had a long day with his colleagues at the office decided to make a turn at the super market before heading home, he was just about to leave his office, a door swung open and caused Cheezy to jump Read more about Know your rights and responsibilities[…]
Why should there be regulation and supervision of financial institutions? Regulation and supervision of financial institutions are a distinctively different set of activities. Regulation entails the setting of an appropriate legal framework (laws, regulations, standards, directives); setting the rules of engagement in the sector. Supervision of financial institution entails the implementation, monitoring and enforcement of Read more about As far as national objectives are concerned[…]
Christmas time is the season to be merry, to indulge in delicious food, and enjoy an abundance of gifts, laughter and family reunions. Nevertheless, when celebrations are not accompanied by caution and financial planning (including having a comprehensive insurance policy in place), clouds of worry and questions like “is my business safe and will I Read more about INSURANCE DIVISION[…]