PUBLIC NOTICE- SHANGOR INSURANCE BROKERS

PUBLIC NOTICE- SHANGOR INSURANCE BROKERS

The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) hereby informs members of the public that the insurance broker, Shangor Insurance Brokers (Pty) Ltd has been placed under temporary closure in terms of Section 57 of the NBFIRA Act:

1)      Members of the public who have paid premiums for insurance cover directly to Shangor Insurance Brokers, but have not been served with a cover confirmation or policy documents from an insurer are advised to contact NBFIRA immediately. 

2)      Policyholders who are insured through Shangor Insurance Brokers are duly advised to contact their insurers (underwriters) directly to confirm their insurance covers (policies) or for any due insurance benefit or claims.

Furthermore, members of the public are advised not to transact any insurance business with Shangor Insurance Brokers.

Sriram Gade (Mr.)

ACTING CHIEF EXECUTIVE OFFICER

December 16, 2016