Notice of Exemption - NMS Insurance Services (SA) Limited
Summary
The South African Reserve Bank Prudential Authority granted NMS Insurance Services (SA) Limited an exemption under section 66 of Insurance Act No. 18 of 2017. The exemption is effective from 25 November 2024 and will remain in force for a period of 4 years.
What changed
The Prudential Authority issued a notice granting NMS Insurance Services (SA) Limited a specific exemption from certain requirements of the Insurance Act No. 18 of 2017 in terms of section 66. The exemption took effect on 25 November 2024 and will expire after 4 years. This is an individual exemption granted to one named insurer.
Other insurers should review whether similar exemptions may be available under section 66 if they believe they qualify. The exemption does not create blanket relief for the industry. Companies should confirm their ongoing compliance obligations under the Insurance Act and monitor for any additional guidance from the Prudential Authority regarding exemption renewals or modifications.
Source document (simplified)
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| R209 | |
| SABOR | |
| ZARONIA | |
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Title : Notice of Exemption in terms of section 66 of the Insurance Act: NMS Insurance Services (SA) Limited Published Date: 2026-03-24 Last Modified Date: 2026-03-24, 02:35 PM Category: PA Post Insurance > Act Notices The Prudential Authority gives notice that NMS Insurance Services (SA) Limited is exempt in terms of section 66 of Insurance Act No. 18 of 2017, effective 25 November 2024, for a period of 4 years.
Back Attachments: Notice of Exemption in terms of section 66 of the Insurance Act
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