Sep 26, 2017 Last Updated 1:25 PM, Sep 25, 2017
×

Warning

JFile: :read: Unable to open file:

RBM Not In Charge Of Regulating Malawi's Insurance Industry

RBM Not In Charge Of Regulating Malawi's Insurance Industry Image sourced at gettyimages.com
Published in Business News
Read 2000 times
Rate this item
(0 votes)

A Director at the Reserve Bank of Malawi has disclosed that the RBM still does not have full control over medical aid and insurance, pending completion of a regulatory framework on the matter.

There had been queries on the Registrar of Financial Institutions’ mandate to regulate medical insurance in the country, owing to disputes that arose about two years ago, between medical aid providers and hospitals.

There was a case, which saw disagreements over a medical aid institution’s failure to remit claim bills to administering health facilities.

The development led to the suspension of attendance to patients on medical insurance cover from the concerned Medical aid providers.

The Reserve Bank said then, that they could not intervene on such matters, as their mandate was limited.

This was due to a lack of a regulatory framework.

Speaking to Capital FM, the RBM’s Director Responsible for Pensions and Insurance Supervision Chimwemwe Kachingwe reveals that they have finalised drafting a Bill on the same.

175 comments

  • Comment Link Mamie Mamie Monday, 25 September 2017 22:21

    There are, after all, some unfavourаble points to freelancing.

    One vitɑl level is that in caxe you work ass a contract pаralegaal yօull nott be
    elіgibⅼe for the kinds of advantagѡs that youd һave in working for
    a law aɡency or a private attorney. For thοse who feel that
    such “perks” as basic medical insurance and other such benefits are
    essentiɑl, freelancing wont gіve you these benefits.

  • Comment Link تهكير لعبة marvel contest of champions تهكير لعبة marvel contest of champions Monday, 25 September 2017 11:57

    Great, google took me stright here. thanks btw for post. Cheers!

  • Comment Link hack dict hack dict Sunday, 24 September 2017 20:54

    Hello, happy that i stumble on this in google. Thanks!

  • Comment Link SLR Camera SLR Camera Friday, 22 September 2017 23:26

    You must participate in a contest for the most effective blogs on the web. I will recommend this site!

  • Comment Link Grammarly Edu Discount Grammarly Edu Discount Friday, 22 September 2017 21:08

    Aw, this was a really nice post. In concept I would like to put in writing like this moreover – taking time and precise effort to make an excellent article… but what can I say… I procrastinate alot and on no account appear to get something done.

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook