Insurance is an instrument used to indemnify the insured from a potential loss. When the actual loss does occur, insurance cover ensures that the insured is reinstated back to their original financial position prior to when the loss occurred. Over-insurance can be described as having excess insurance coverage/policies that covers the same risk or having Read more about OVER-INSURANCE WHAT IS OVER-INSURANCE?[…]
• DO NOT sign your name on a blank form. Ask for a copy of everything you sign. Keep the copy for your records. • Count your pills each time you pick up a prescription. • Research your healthcare providers with the respective healthcare professional boards. • Report suspected fraud and abuse as soon as Read more about HEALTHCARE FRAUD, ABUSE AND WASTE[…]
BE ADVISED! We at NAMFISA came across complaints from consumers who have become victims or have fallen prey, having entrusted their respective agents and or personnel/staff of companies (e.g. an insurance company or credit facility company), to make premium or account payments on their behalf. These unscrupulous agents or employees tend to take advantage by Read more about WORD OF ADVICE TO THE FINANCIAL SERVICES AND PRODUCTS CONSUMER[…]
Dear readers, It has been an exciting journey, interacting with you. My personal wish for you is that you will have a productive 2015 and that we will continue building our fostered relationships. It is fair to say that many of the people we met with and talked to, voiced genuine surprise and appreciation that Read more about My personal wish for you is that you will have a productive 2015[…]