Transcription of LICENCE CATEGORIES Category I
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Long term Insurance: Sub Category AIncludes assistance policies < = R 18 000, for example: funeral excludes policies as defined in Cat B or ) Short term Insurance: Personal LinesShort term insurance by natural persons, for example short term household ) Long term Insurance: Category B1 Long-term Insurance subcategory B1 means disability, health and life policies as defined in section 1(1) of the Long-term Insurance Act, 1998, which provide only risk benefits as contemplated in the Regulations under theLong-term Insurance Act, 1998, but excludes fund policies as defined in section 1(1) of the Long-term Insurance Act, 1998, fund member policies, investment policies as defined in Part 5B of theRegulations under the Long-term Insurance Act, 1998, and policies referred to in thedefinitions of Long-term Insurance subcategories A, B2 and C; ) Long term Insurance: Category B2 Category IIA Hedge Fund FSPLICENCE CATEGORIESA Category I FSP renders financial services other than the financial services mentioned in CATEGORIES II, IIA, III and IV.
1.7) Pension Fund Benefits Benefits provided by a pension/ provident fund, for example advice on what to do when the client retires from the fund. 1.8) Securities and Instruments: Shares Where property syndication is in the form of unlisted shares, you must register in this license category.
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